The Merchants Trust Plc (LON:MRCH - Get Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 517.40 ($6.72) and last traded at GBX 518.80 ($6.74), with a volume of 161556 shares traded. The stock had previously closed at GBX 530 ($6.88).
The Merchants Trust Price Performance
The company has a market cap of £776.38 million, a PE ratio of 7.13 and a beta of 0.95. The company has a 50-day moving average price of GBX 536.25 and a two-hundred day moving average price of GBX 553.66.
The Merchants Trust Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, April 7th. Shareholders of record on Thursday, April 3rd will be given a GBX 3.70 ($0.05) dividend. This represents a yield of 2.51%. The ex-dividend date of this dividend is Thursday, April 3rd. The Merchants Trust's dividend payout ratio (DPR) is 39.61%.
The Merchants Trust Company Profile
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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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