The Merchants Trust Plc (LON:MRCH - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 546.59 ($7.24) and traded as low as GBX 522 ($6.92). The Merchants Trust shares last traded at GBX 533 ($7.06), with a volume of 224,270 shares traded.
The Merchants Trust Stock Performance
The stock has a market cap of £792.74 million, a price-to-earnings ratio of 7.28 and a beta of 0.95. The stock's 50-day simple moving average is GBX 523.12 and its two-hundred day simple moving average is GBX 544.96.
The Merchants Trust (LON:MRCH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.39) earnings per share for the quarter. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.
The Merchants Trust Increases Dividend
The business also recently disclosed a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, May 15th will be paid a GBX 17 ($0.23) dividend. This is an increase from The Merchants Trust's previous dividend of $3.70. The ex-dividend date is Thursday, May 15th. This represents a dividend yield of 5.5%. The Merchants Trust's dividend payout ratio (DPR) is presently 39.61%.
About The Merchants Trust
(
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The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.
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