The Mercantile Investment Trust (LON:MRC) Hits New 12-Month High at $251.00

The Mercantile Investment Trust plc (LON:MRC) reached a new 52-week high on Monday . The company traded as high as GBX 251 ($3.25) and last traded at GBX 250.42 ($3.24), with a volume of 975518 shares. The stock had previously closed at GBX 248.50 ($3.21).

The Mercantile Investment Trust Stock Down 1.0 %

The stock has a market capitalization of £1.92 billion, a price-to-earnings ratio of 2,478.25 and a beta of 1.12. The business has a 50-day moving average of GBX 240.18 and a 200-day moving average of GBX 227.02. The company has a debt-to-equity ratio of 17.58, a quick ratio of 11.82 and a current ratio of 5.04.

The Mercantile Investment Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 1st. Shareholders of record on Thursday, June 20th will be given a dividend of GBX 1.50 ($0.02) per share. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, June 20th. The Mercantile Investment Trust’s dividend payout ratio is presently 8,000.00%.

The Mercantile Investment Trust Company Profile

The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors.