The Merchants Trust Plc (LON:MRCH - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 557.63 ($7.59) and traded as high as GBX 567 ($7.72). The Merchants Trust shares last traded at GBX 561 ($7.64), with a volume of 200,321 shares changing hands.
The Merchants Trust Trading Up 0.5%
The company has a 50 day simple moving average of GBX 557.63 and a 200-day simple moving average of GBX 543.71. The stock has a market cap of £838.17 million, a price-to-earnings ratio of 7.70 and a beta of 0.95.
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) 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 announced a dividend, which was paid on Monday, June 9th. Investors of record on Thursday, May 15th were given a GBX 17 ($0.23) dividend. The ex-dividend date of this dividend was Thursday, May 15th. This represents a dividend yield of 5.5%. This is an increase from The Merchants Trust's previous dividend of $3.70. The Merchants Trust's payout ratio is currently 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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