The Mercantile Investment Trust (LON:MRC) Shares Pass Above 50-Day Moving Average – Here’s What Happened

The Mercantile Investment Trust plc (LON:MRC) passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 237.14 ($3.01) and traded as high as GBX 240.74 ($3.06). The Mercantile Investment Trust shares last traded at GBX 240 ($3.05), with a volume of 903,283 shares.

The Mercantile Investment Trust Stock Performance

The stock has a fifty day moving average of GBX 237.14 and a 200 day moving average of GBX 238.88. The company has a market capitalization of £1.77 billion, a PE ratio of 4.47 and a beta of 1.16.

The Mercantile Investment Trust Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, February 3rd. Investors of record on Thursday, December 19th were issued a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, December 19th. This represents a yield of 0.62%. The Mercantile Investment Trust’s dividend payout ratio is presently 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.