The Merchants Trust Plc (LON:MRCH - Get Free Report)'s share price passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 531.88 ($7.20) and traded as high as GBX 577.44 ($7.81). The Merchants Trust shares last traded at GBX 575 ($7.78), with a volume of 298,129 shares changing hands.
The Merchants Trust Stock Performance
The company has a market capitalization of £835.87 million, a price-to-earnings ratio of 7.68 and a beta of 0.95. The business's 50 day moving average is GBX 533.76 and its 200 day moving average is GBX 542.55.
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) 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 company also recently declared a dividend, which will be paid on Monday, June 9th. Shareholders of record on Thursday, May 15th will be given a dividend of GBX 17 ($0.23) per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a yield of 5.5%. This is a boost from The Merchants Trust's previous dividend of $3.70. The Merchants Trust's payout ratio is currently 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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