The Merchants Trust Plc (LON:MRCH - Get Free Report)'s share price passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 535.48 ($7.21) and traded as high as GBX 568 ($7.64). The Merchants Trust shares last traded at GBX 564 ($7.59), with a volume of 128,777 shares.
The Merchants Trust Trading Up 0.7%
The stock has a market capitalization of £843.31 million, a P/E ratio of 7.75 and a beta of 0.95. The company's 50-day moving average is GBX 536.90 and its two-hundred day moving average is GBX 542.93.
The Merchants Trust (LON:MRCH - Get Free Report) last released its earnings results on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.40) EPS for the quarter. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.
The Merchants Trust Increases Dividend
The business also recently announced a dividend, which will be paid on Monday, June 9th. Shareholders of record on Thursday, May 15th will be paid a dividend of GBX 17 ($0.23) per share. This is a boost from The Merchants Trust's previous dividend of $3.70. The ex-dividend date is Thursday, May 15th. This represents a yield of 5.5%. The Merchants Trust's dividend payout ratio (DPR) is presently 39.61%.
The Merchants Trust Company Profile
(
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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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