The Merchants Trust Plc (LON:MRCH - Get Free Report) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 526.43 ($6.94) and traded as high as GBX 565 ($7.44). The Merchants Trust shares last traded at GBX 557 ($7.34), with a volume of 254,312 shares.
The Merchants Trust Stock Performance
The stock's 50 day simple moving average is GBX 526.43 and its two-hundred day simple moving average is GBX 542.47. The firm has a market capitalization of £833.89 million, a PE ratio of 7.66 and a beta of 0.95.
The Merchants Trust (LON:MRCH - Get Free Report) last announced its quarterly earnings results on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.39) earnings per share (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. Investors of record on Thursday, May 15th will be issued a GBX 17 ($0.22) dividend. This represents a yield of 5.5%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from The Merchants Trust's previous dividend of $3.70. The Merchants Trust's dividend payout ratio (DPR) is 39.61%.
About The Merchants Trust
(
Get Free Report)
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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