The Merchants Trust Plc (LON:MRCH - Get Free Report) shares were up 0.2% during trading on Friday . The company traded as high as GBX 570.70 ($7.73) and last traded at GBX 567.92 ($7.70). Approximately 102,249 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 318,333 shares. The stock had previously closed at GBX 567 ($7.68).
The Merchants Trust Trading Up 0.2%
The firm has a market cap of £849.25 million, a price-to-earnings ratio of 7.80 and a beta of 0.95. The stock's 50 day moving average is GBX 542.09 and its 200 day moving average is GBX 543.33.
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) 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. Stockholders of record on Thursday, May 15th will be issued a dividend of GBX 17 ($0.23) per share. This represents a dividend yield of 5.5%. The ex-dividend date is Thursday, May 15th. This is an increase from The Merchants Trust's previous dividend of $3.70. The Merchants Trust's dividend payout ratio is 39.61%.
About The Merchants Trust
(
Get Free Report)
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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