The Merchants Trust Plc (LON:MRCH - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 540.17 ($7.31) and traded as high as GBX 572 ($7.74). The Merchants Trust shares last traded at GBX 567 ($7.67), with a volume of 208,416 shares traded.
The Merchants Trust Price Performance
The business has a fifty day moving average price of GBX 541.11 and a 200 day moving average price of GBX 543.41. The company has a market capitalization of £847.77 million, a price-to-earnings ratio of 7.79 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 ($0.40) earnings per share (EPS) 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 declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Thursday, May 15th will be given a GBX 17 ($0.23) dividend. This represents a yield of 5.5%. This is a boost from The Merchants Trust's previous dividend of $3.70. The ex-dividend date is Thursday, May 15th. The Merchants Trust's dividend payout ratio is 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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