The Merchants Trust (LON:MRCH) Stock Crosses Above 50 Day Moving Average - Here's What Happened

The Merchants Trust Plc (LON:MRCH - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 535.48 ($7.25) and traded as high as GBX 568 ($7.69). The Merchants Trust shares last traded at GBX 564 ($7.64), with a volume of 128,777 shares traded.

The Merchants Trust Trading Up 0.5%

The firm has a market capitalization of £847.77 million, a P/E ratio of 7.79 and a beta of 0.95. The company's fifty day simple moving average is GBX 537.70 and its 200 day simple moving average is GBX 542.90.

The Merchants Trust (LON:MRCH - Get Free Report) last issued its quarterly earnings data 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 firm also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Thursday, May 15th will be paid a GBX 17 ($0.23) dividend. This represents a dividend yield of 5.5%. This is a positive change from The Merchants Trust's previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, May 15th. The Merchants Trust's dividend payout ratio (DPR) is presently 39.61%.

The Merchants Trust Company Profile

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.