The Merchants Trust Plc (LON:MRCH - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 548.58 ($7.36) and traded as high as GBX 575 ($7.72). The Merchants Trust shares last traded at GBX 567 ($7.61), with a volume of 221,383 shares changing hands.
The Merchants Trust Trading Down 1.4%
The stock has a market cap of £835.87 million, a P/E ratio of 7.68 and a beta of 0.95. The firm has a 50-day simple moving average of GBX 551.90 and a two-hundred day simple moving average of GBX 543.80.
The Merchants Trust (LON:MRCH - Get Free Report) last released 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 business also recently disclosed a dividend, which was paid on Monday, June 9th. Shareholders of record on Thursday, May 15th were paid a dividend of GBX 17 ($0.23) per share. This represents a yield of 5.5%. The ex-dividend date was Thursday, May 15th. This is a positive change from The Merchants Trust's previous dividend of $3.70. The Merchants Trust's dividend payout ratio (DPR) is 39.61%.
The Merchants Trust Company Profile
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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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