The Merchants Trust Plc (LON:MRCH - Get Free Report)'s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 448 ($5.86) and last traded at GBX 452.58 ($5.92), with a volume of 236763 shares traded. The stock had previously closed at GBX 486 ($6.36).
The Merchants Trust Stock Up 1.0 %
The firm has a 50-day simple moving average of GBX 525.51 and a 200 day simple moving average of GBX 547.58. The company has a market cap of £746.63 million, a price-to-earnings ratio of 6.86 and a beta of 0.95.
The Merchants Trust (LON:MRCH - Get Free Report) last announced its earnings results on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.39) 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 firm also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, May 15th will be issued a GBX 17 ($0.22) dividend. This represents a dividend yield of 5.5%. This is a boost from The Merchants Trust's previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, May 15th. The Merchants Trust's dividend payout ratio is presently 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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