The Mercantile Investment Trust plc (LON:MRC - Get Free Report)'s share price crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 237.14 ($3.06) and traded as high as GBX 240.74 ($3.10). The Mercantile Investment Trust shares last traded at GBX 240 ($3.09), with a volume of 903,283 shares changing hands.
The Mercantile Investment Trust Stock Performance
The company has a market capitalization of £1.75 billion, a price-to-earnings ratio of 4.44 and a beta of 1.16. The firm has a 50-day simple moving average of GBX 237.34 and a two-hundred day simple moving average of GBX 238.74.
The Mercantile Investment Trust Announces Dividend
The firm also recently announced a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were issued a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 0.62%. The Mercantile Investment Trust's dividend payout ratio (DPR) is presently 15.04%.
About The Mercantile Investment Trust
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The Mercantile Investment Trust Approach
Expert market access
As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.
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