The Merchants Trust (LON:MRCH) Shares Cross Above 50-Day Moving Average - Should You Sell?

The Merchants Trust Plc (LON:MRCH - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 557.63 ($7.65) and traded as high as GBX 567 ($7.78). The Merchants Trust shares last traded at GBX 561 ($7.70), with a volume of 200,321 shares changing hands.

The Merchants Trust Stock Up 1.1%

The company has a 50-day simple moving average of GBX 559.57 and a two-hundred day simple moving average of GBX 543.62. The firm has a market cap of £847.77 million, a PE ratio of 7.79 and a beta of 0.95.

The Merchants Trust (LON:MRCH - Get Free Report) last released its quarterly earnings data 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 issued a dividend of GBX 17 ($0.23) per share. The ex-dividend date was Thursday, May 15th. This is a boost from The Merchants Trust's previous dividend of $3.70. This represents a yield of 5.5%. The Merchants Trust's dividend payout ratio is currently 39.61%.

The Merchants Trust Company Profile

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.