Temple Bar (LON:TMPL) Stock Price Down 0.2% – Time to Sell?

Temple Bar (LON:TMPL)’s stock price fell 0.2% during mid-day trading on Wednesday . The company traded as low as GBX 271.51 ($3.43) and last traded at GBX 272.50 ($3.44). 889,061 shares traded hands during mid-day trading, an increase of 58% from the average session volume of 561,552 shares. The stock had previously closed at GBX 273 ($3.45).

Temple Bar Price Performance

The company has a 50-day moving average of GBX 267.53 and a 200 day moving average of GBX 267.54. The company has a quick ratio of 3.68, a current ratio of 8.76 and a debt-to-equity ratio of 10.37. The stock has a market capitalization of £783.63 million, a PE ratio of 943.10 and a beta of 1.11.

Temple Bar Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, December 30th. Stockholders of record on Thursday, November 21st will be issued a dividend of GBX 3 ($0.04) per share. This is a positive change from Temple Bar’s previous dividend of $2.75. The ex-dividend date is Thursday, November 21st. This represents a dividend yield of 1.14%. Temple Bar’s dividend payout ratio is presently 3,448.28%.

About Temple Bar

Temple Bar Investment Trust PLC is a closed-ended equity mutual fund launched and managed by RWC Asset Management LLP. The fund invests in the public equity markets of the United Kingdom. It seeks to invests in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of companies across all market capitalizations, which are constituents of the FTSE 350 Index.