Temple Bar (LON:TMPL) Stock Crosses Above 50-Day Moving Average – Here’s What Happened

Temple Bar (LON:TMPL)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 272 ($3.40) and traded as high as GBX 281 ($3.51). Temple Bar shares last traded at GBX 281 ($3.51), with a volume of 452,303 shares changing hands.

Temple Bar Stock Up 0.5 %

The business’s fifty day moving average price is GBX 272 and its 200 day moving average price is GBX 269.38. The firm has a market capitalization of £809.42 million, a price-to-earnings ratio of 974.14 and a beta of 1.11. The company has a current ratio of 8.76, a quick ratio of 3.68 and a debt-to-equity ratio of 10.37.

Temple Bar Increases Dividend

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

Temple Bar Company Profile

Temple Bar’s investment objective is to provide investors with a growing income combined with growth in capital. It aims to meet this objective by investing primarily in UK equities, across different sectors, maintaining a balance of larger and smaller/medium-sized companies. The trust has a bias towards FTSE 350 companies.