Murray Income Trust (LON:MUT) Shares Pass Below 50-Day Moving Average of $839.38

Murray Income Trust PLC (LON:MUTGet Rating) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 839.38 ($10.14) and traded as low as GBX 820 ($9.91). Murray Income Trust shares last traded at GBX 820 ($9.91), with a volume of 198,983 shares changing hands.

Murray Income Trust Stock Performance

The stock’s fifty day moving average price is GBX 839.38 and its two-hundred day moving average price is GBX 851.22. The company has a debt-to-equity ratio of 10.26, a quick ratio of 2.61 and a current ratio of 2.61. The company has a market cap of £958.14 million and a P/E ratio of 522.29.

Murray Income Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, August 18th will be issued a dividend of GBX 11.25 ($0.14) per share. This represents a dividend yield of 1.31%. The ex-dividend date of this dividend is Thursday, August 18th. This is an increase from Murray Income Trust’s previous dividend of $8.25. Murray Income Trust’s dividend payout ratio is 19.24%.

About Murray Income Trust

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Murray Income Trust PLC is a closed ended equity mutual fund launched and managed by Aberdeen Fund Managers Limited. It is co-managed by Aberdeen Asset Managers Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.

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