Mercia Asset Management PLC (LON:MERC) Announces Dividend of GBX 0.55

Mercia Asset Management PLC (LON:MERC) declared a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Shareholders 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 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 Trading Up 4.9 %

Shares of MERC opened at GBX 32.52 ($0.41) on Tuesday. Mercia Asset Management has a 1-year low of GBX 21 ($0.27) and a 1-year high of GBX 36 ($0.46). The company has a current ratio of 3.54, a quick ratio of 5.34 and a debt-to-equity ratio of 0.43. The firm’s 50-day moving average price is GBX 31.99 and its 200-day moving average price is GBX 31.49. The firm has a market capitalization of £140.30 million, a price-to-earnings ratio of -3,220.00 and a beta of 1.23.

Analyst Upgrades and Downgrades

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

About Mercia Asset Management

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.