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Murray Income Trust (LON:MUT) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Murray Income Trust logo with Financial Services background

Key Points

  • Shares of Murray Income Trust PLC crossed above its 50-day moving average of GBX 883.75, reaching a high of GBX 895 during trading.
  • The company announced a dividend of GBX 9.50 per share, corresponding to a yield of 117.0%, despite a high dividend payout ratio of 158.44%.
  • As of now, the stock has a market cap of £873.20 million and a P/E ratio of 3,670.78.
  • Five stocks we like better than Murray Income Trust.

Murray Income Trust PLC (LON:MUT - Get Free Report)'s share price crossed above its 50 day moving average during trading on Friday . The stock has a 50 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 trading hands.

Murray Income Trust Stock Performance

The business has a 50 day moving average of GBX 885.29 and a two-hundred day moving average of GBX 854.09. The stock has a market capitalization of £861.45 million, a PE ratio of 3,621.40 and a beta of 0.80.

Murray Income Trust Cuts Dividend

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

Murray Income Trust Company Profile

(Get Free Report)

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

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