Mercantile (LON:MRC) Hits New 1-Year High at $230.00

Mercantile (LON:MRC) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 230 ($2.89) and last traded at GBX 229.28 ($2.88), with a volume of 244025 shares changing hands. The stock had previously closed at GBX 227.50 ($2.86).

Mercantile Price Performance

The company has a current ratio of 11.12, a quick ratio of 11.82 and a debt-to-equity ratio of 18.01. The company has a market cap of £1.78 billion, a price-to-earnings ratio of 22,750.00 and a beta of 1.12. The business has a 50-day moving average price of GBX 221.92 and a 200 day moving average price of GBX 211.48.

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 paid a dividend of GBX 3.30 ($0.04) per share. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from Mercantile’s previous dividend of $1.45. This represents a yield of 1.46%. Mercantile’s dividend payout ratio is currently 70,000.00%.

Insider Buying and Selling

In other Mercantile news, insider Rachel Beagles purchased 11,400 shares of the company’s stock in a transaction that occurred on 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 ($31,217.18). Company insiders own 0.68% 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.