The Merchants Trust Plc (LON:MRCH – Get Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 573.19 ($7.13) and traded as low as GBX 558 ($6.94). The Merchants Trust shares last traded at GBX 561 ($6.98), with a volume of 385,355 shares traded.
The Merchants Trust Price Performance
The business’s fifty day simple moving average is GBX 570.08 and its 200 day simple moving average is GBX 573.19. The company has a current ratio of 0.31, a quick ratio of 0.70 and a debt-to-equity ratio of 13.42. The stock has a market cap of £803.64 million, a price-to-earnings ratio of 1,853.33 and a beta of 0.91.
The Merchants Trust Increases Dividend
The company also recently declared a dividend, which will be paid on Friday, May 26th. Investors of record on Thursday, April 20th will be given a GBX 7 ($0.09) dividend. This represents a dividend yield of 1.23%. This is an increase from The Merchants Trust’s previous dividend of $6.90. The ex-dividend date of this dividend is Thursday, April 20th. The Merchants Trust’s dividend payout ratio (DPR) is currently 9,333.33%.
The Merchants Trust Company Profile
The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.
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