The Merchants Trust Plc (LON:MRCH - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 540.17 ($7.32) and traded as high as GBX 572 ($7.75). The Merchants Trust shares last traded at GBX 567 ($7.68), with a volume of 208,416 shares traded.
The Merchants Trust Price Performance
The company's 50 day simple moving average is GBX 542.09 and its 200 day simple moving average is GBX 543.33. The firm has a market cap of £849.25 million, a price-to-earnings ratio of 7.80 and a beta of 0.95.
The Merchants Trust (LON:MRCH - Get Free Report) last posted its quarterly 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 firm also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders 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 payout ratio 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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