The Merchants Trust Plc (LON:MRCH - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 548.58 ($7.44) and traded as high as GBX 575 ($7.80). The Merchants Trust shares last traded at GBX 567 ($7.69), with a volume of 221,383 shares.
The Merchants Trust Price Performance
The firm has a market cap of £843.31 million, a PE ratio of 7.75 and a beta of 0.95. The business's 50 day moving average price is GBX 548.58 and its 200 day moving average price is GBX 543.84.
The Merchants Trust (LON:MRCH - Get Free Report) last posted its quarterly earnings data on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.40) 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 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%. This is an increase from The Merchants Trust's previous dividend of $3.70. The ex-dividend date was Thursday, May 15th. The Merchants Trust's dividend payout ratio 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.
Further Reading
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