Murray Income Trust (LON:MUT) Reaches New 1-Year Low – What’s Next?

Murray Income Trust PLC (LON:MUTGet Free Report) hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 798 ($10.13) and last traded at GBX 803 ($10.19), with a volume of 170000 shares trading hands. The stock had previously closed at GBX 805 ($10.22).

Murray Income Trust Price Performance

The firm has a market capitalization of £836.79 million, a PE ratio of 1,112.77 and a beta of 0.80. The firm’s fifty day moving average price is GBX 840.64 and its 200 day moving average price is GBX 860.89. The company has a current ratio of 2.92, a quick ratio of 3.64 and a debt-to-equity ratio of 11.60.

Murray Income Trust Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 13th will be paid a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, February 13th. This represents a dividend yield of 1.17%. Murray Income Trust’s payout ratio is currently 5,416.67%.

About Murray Income Trust

(Get Free Report)

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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