The Merchants Trust Plc (LON:MRCH – Get Free Report) hit a new 52-week low during trading 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. The stock had previously closed at GBX 530 ($6.85).
The Merchants Trust Price Performance
The business’s fifty day moving average price is GBX 537.31 and its 200 day moving average price is GBX 554.62. The stock 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 announced a dividend, which will be paid on Monday, April 7th. Shareholders of record on Thursday, April 3rd will be paid a dividend of GBX 3.70 ($0.05) per share. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a dividend yield of 2.51%. The Merchants Trust’s payout ratio is presently 39.61%.
The Merchants Trust Company Profile
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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