Mercia Asset Management PLC (LON:MERC) Increases Dividend to GBX 0.55 Per Share

Mercia Asset Management PLC (LON:MERC) declared a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be given 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 of this dividend 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 Price Performance

Shares of MERC opened at GBX 32.52 ($0.41) on Tuesday. The stock has a market cap of £140.30 million, a PE ratio of -3,220.00 and a beta of 1.23. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.54 and a quick ratio of 5.34. Mercia Asset Management has a 1-year low of GBX 21 ($0.27) and a 1-year high of GBX 36 ($0.46). The firm has a 50-day simple moving average of GBX 31.99 and a two-hundred day simple moving average of GBX 31.49.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reaffirmed 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.