Mercia Asset Management PLC (LON:MERC) Declares Dividend Increase – GBX 0.55 Per Share

Mercia Asset Management PLC (LON:MERC) declared a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 0.55 ($0.01) per share on Friday, November 1st. This represents a dividend yield of 1.77%. The ex-dividend date is Thursday, October 3rd. This is an increase from Mercia Asset Management’s previous dividend of $0.35. The official announcement can be viewed at this link.

Mercia Asset Management Stock Up 0.4 %

MERC opened at GBX 32.72 ($0.41) on Thursday. Mercia Asset Management has a twelve month low of GBX 21 ($0.27) and a twelve month high of GBX 36 ($0.46). The company’s 50-day moving average price is GBX 31.95 and its two-hundred day moving average price is GBX 31.52. The stock has a market cap of £141.14 million, a price-to-earnings ratio of -3,253.00 and a beta of 1.23. The company has a quick ratio of 5.34, a current ratio of 3.54 and a debt-to-equity ratio of 0.43.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 64 ($0.81) price objective on shares of Mercia Asset Management in a research note on Tuesday.

Mercia Asset Management Company Profile

Mercia Asset Management PLC is a private equity and venture capital firm specializing in incubation, seed EIS, early stage, emerging growth, mid venture, late stage and growth capital investments. It invests in technology focusing on sectors such as digital entertainment, consumer services, media, retailing, energy, healthcare, industrials, materials, real estate, telecommunication services, gaming, internet, software, electronics and hardware, advanced materials, transportation, biosciences, engineering and specialist manufacturing, and life sciences.