Mercantile (LON:MRC) Reaches New 1-Year High at $236.50

Mercantile (LON:MRC) hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 236.50 ($2.97) and last traded at GBX 235.72 ($2.96), with a volume of 111012 shares. The stock had previously closed at GBX 231.50 ($2.91).

Mercantile Trading Up 0.2 %

The company’s fifty day simple moving average is GBX 223.93 and its 200-day simple moving average is GBX 213.47. The company has a debt-to-equity ratio of 17.58, a current ratio of 5.04 and a quick ratio of 11.82. The firm has a market capitalization of £1.84 billion, a PE ratio of 2,365.00 and a beta of 1.12.

Mercantile Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 16th. Shareholders of record on Thursday, April 11th will be issued a GBX 3.30 ($0.04) dividend. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.46%. This is a positive change from Mercantile’s previous dividend of $1.45. Mercantile’s dividend payout ratio (DPR) is presently 8,000.00%.

Insider Transactions at Mercantile

In other Mercantile news, insider Rachel Beagles purchased 11,400 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were purchased at an average cost of GBX 218 ($2.74) per share, with a total value of £24,852 ($31,221.11). Insiders own 1.68% of the company’s stock.

Mercantile Company Profile

The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors.