The Merchants Trust (LON:MRCH) Sets New 52-Week High at $594.64

The Merchants Trust Plc (LON:MRCH) reached a new 52-week high on Friday . The company traded as high as GBX 594.64 ($7.69) and last traded at GBX 593 ($7.67), with a volume of 161563 shares trading hands. The stock had previously closed at GBX 580 ($7.50).

The Merchants Trust Price Performance

The stock has a 50 day simple moving average of GBX 574.79 and a two-hundred day simple moving average of GBX 550.88. The firm has a market cap of £888.44 million, a PE ratio of -2,794.29 and a beta of 0.94. The company has a debt-to-equity ratio of 13.87, a quick ratio of 0.70 and a current ratio of 0.55.

The Merchants Trust Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, August 22nd. Shareholders of record on Thursday, July 11th will be paid a dividend of GBX 7.20 ($0.09) per share. The ex-dividend date is Thursday, July 11th. This represents a dividend yield of 1.29%. This is a positive change from The Merchants Trust’s previous dividend of $7.10. The Merchants Trust’s dividend payout ratio (DPR) is presently -13,333.33%.

The Merchants Trust Company Profile

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.