The Mercantile Investment Trust plc (LON:MRC – Get Free Report)’s stock price crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 236.50 ($2.99) and traded as high as GBX 243 ($3.07). The Mercantile Investment Trust shares last traded at GBX 240 ($3.03), with a volume of 1,633,828 shares trading hands.
The Mercantile Investment Trust Price Performance
The stock has a 50 day simple moving average of GBX 236.50 and a 200-day simple moving average of GBX 239.24. The firm has a market cap of £1.78 billion, a PE ratio of 4.51 and a beta of 1.16.
The Mercantile Investment Trust Dividend Announcement
The business also recently disclosed a dividend, which was paid on Monday, February 3rd. Shareholders of record on Thursday, December 19th were paid a dividend of GBX 1.50 ($0.02) per share. This represents a yield of 0.62%. The ex-dividend date was Thursday, December 19th. The Mercantile Investment Trust’s payout ratio is 15.04%.
About The Mercantile Investment Trust
The Mercantile Investment Trust Approach
Expert market access
As one of the largest UK equity investment trusts and a history stretching back more than 130 years, The Mercantile Investment Trust enjoys a long and successful track record championing quality UK medium-sized and smaller companies.
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