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

Temple Bar (LON:TMPL)’s stock 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 trading hands.

Temple Bar Trading Up 0.5 %

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

Temple Bar Increases Dividend

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

About Temple Bar

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.