The Merchants Trust Plc (LON:MRCH – Get Free Report)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 517.40 ($6.69) and last traded at GBX 518.80 ($6.71), with a volume of 161556 shares changing hands. The stock had previously closed at GBX 530 ($6.85).
The Merchants Trust Stock Performance
The business’s 50-day moving average price is GBX 537.31 and its 200 day moving average price is GBX 554.62. The company has a market cap of £771.62 million, a P/E ratio of 7.09 and a beta of 0.95.
The Merchants Trust Cuts Dividend
The business also recently declared a dividend, which will be paid on Monday, April 7th. Investors of record on Thursday, April 3rd will be paid 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 presently 39.61%.
About The Merchants Trust
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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