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

Shares of Mercantile (LON:MRC) reached 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 traded. The stock had previously closed at GBX 231.50 ($2.91).

Mercantile Price Performance

The firm’s fifty day moving average price is GBX 223.20 and its 200 day moving average price is GBX 212.94. The company has a quick ratio of 11.82, a current ratio of 5.04 and a debt-to-equity ratio of 17.58. The stock has a market cap of £1.82 billion, a PE ratio of 2,315.00 and a beta of 1.12.

Mercantile Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 16th. Stockholders of record on Thursday, April 11th will be issued a GBX 3.30 ($0.04) dividend. This represents a dividend yield of 1.46%. The ex-dividend date is Thursday, April 11th. This is an increase from Mercantile’s previous dividend of $1.45. Mercantile’s payout ratio is 8,000.00%.

Insider Transactions at Mercantile

In other Mercantile news, insider Rachel Beagles purchased 11,400 shares of Mercantile stock in a transaction that occurred on Friday, February 23rd. The shares were bought at an average price of GBX 218 ($2.74) per share, for a total transaction 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.