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

Posted by Jared Coughlin on Nov 16th, 2024

Murray Income Trust PLC (LON:MUT – Get Free Report) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 804 ($10.13) and last traded at GBX 806.45 ($10.16), with a volume of 1189 shares traded. The stock had previously closed at GBX 814 ($10.26).

Murray Income Trust Price Performance

The firm has a market capitalization of £835.75 million, a P/E ratio of 1,118.06 and a beta of 0.80. The business’s fifty day moving average is GBX 842.64 and its 200 day moving average is GBX 861.74. 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 declared a dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 13th will be issued a GBX 9.50 ($0.12) dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a dividend yield of 1.17%. Murray Income Trust’s dividend 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.