City Merchants High Yield Trust Plc (LON:CMHY)’s share price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $177.28 and traded as low as $177.00. City Merchants High Yield Trust shares last traded at $177.00, with a volume of 58,494 shares trading hands.

The stock has a market capitalization of $182.77 million and a PE ratio of 15.79. The stock’s 50 day moving average is GBX 177.28 and its two-hundred day moving average is GBX 176.18.

The firm also recently disclosed a dividend, which will be paid on Wednesday, August 19th. Shareholders of record on Thursday, July 16th will be issued a GBX 2.50 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, July 16th. This represents a yield of 1.42%. City Merchants High Yield Trust’s payout ratio is 0.88%.

In other news, insider Stuart McMaster purchased 25,000 shares of the business’s stock in a transaction dated Wednesday, June 3rd. The stock was acquired at an average price of £164.95 ($202.99) per share, for a total transaction of £4,123,750 ($5,074,760.03).

About City Merchants High Yield Trust (LON:CMHY)

City Merchants High Yield Trust Limited is a closed-ended fixed income mutual fund launched and managed by Invesco Fund Managers Limited. It is co-managed by INVESCO Asset Management Limited. The fund invests in fixed income markets across the globe. It primarily invests in high yield fixed income securities including preference shares, convertible and redeemable loan stocks, corporate bonds, and government bonds.

See Also: Hold Rating

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