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Murray Income Trust (LON:MUT) Shares Cross Above 50 Day Moving Average - What's Next?

Murray Income Trust logo with Financial Services background

Key Points

  • Murray Income Trust's share price recently crossed above its 50-day moving average, trading at GBX 892 ($12.04).
  • The company announced a dividend payment of GBX 9.50 per share, reflecting a dividend yield of 117.0% despite a high payout ratio of 158.44%.
  • Currently, Murray Income Trust has a market cap of £873.20 million and a P/E ratio of 3,670.78.
  • Five stocks to consider instead of Murray Income Trust.

Murray Income Trust PLC (LON:MUT - Get Free Report)'s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 883.75 ($11.84) and traded as high as GBX 895 ($11.99). Murray Income Trust shares last traded at GBX 892 ($11.95), with a volume of 357,084 shares changing hands.

Murray Income Trust Trading Up 0.6%

The firm's 50-day moving average price is GBX 885.29 and its 200 day moving average price is GBX 854.09. The company has a market capitalization of £866.34 million, a price-to-earnings ratio of 3,641.98 and a beta of 0.80.

Murray Income Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th were given a GBX 9.50 dividend. This represents a yield of 117.0%. The ex-dividend date was Thursday, May 15th. Murray Income Trust's dividend payout ratio is 158.44%.

About Murray Income Trust

(Get Free Report)

An investment trust founded in 1923 aiming for high and growing income with capital growth.

Further Reading

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