The ASX Limited (ASX: ASX) share price has today hit a 52-week high, trading as high as $54.57.
This latest gain means that the securities exchange company's shares have provided shareholders with a 12 month return of 17%.
In February this year, ASX Limited reported robust yet un-spectacular results, including lifting its fully franked interim dividend by 2.9% to $1.02.
For a relatively slow growing company, albeit it one with a strong competitive advantage, ASX Limited shares are not exactly cheap, trading at around 24 times forward earnings estimates. In this low interest rate environment, it seems investors are attracted by the solid 3.7% fully franked dividend yield.
