The Merchants Trust (LON:MRCH) Hits New 1-Year Low - Time to Sell?

The Merchants Trust Plc (LON:MRCH - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 517.40 ($6.78) and last traded at GBX 518.80 ($6.80), with a volume of 161556 shares traded. The stock had previously closed at GBX 530 ($6.94).

The Merchants Trust Trading Down 4.9 %

The company has a market cap of £727.26 million, a P/E ratio of 6.68 and a beta of 0.95. The company has a 50-day simple moving average of GBX 535.11 and a 200 day simple moving average of GBX 553.17.

The Merchants Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, April 7th. Stockholders of record on Thursday, April 3rd will be paid a dividend of GBX 3.70 ($0.05) per share. This represents a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, April 3rd. The Merchants Trust's dividend payout ratio is presently 39.61%.

The Merchants Trust Company Profile

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.