Temple Bar (LON:TMPL) Shares Pass Above Fifty Day Moving Average – Here’s Why

Temple Bar (LON:TMPL)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 267.81 ($3.31) and traded as high as GBX 272 ($3.37). Temple Bar shares last traded at GBX 272 ($3.37), with a volume of 188,378 shares traded.

Temple Bar Price Performance

The company has a fifty day simple moving average of GBX 268.01 and a 200 day simple moving average of GBX 267.58. The stock has a market capitalization of £783.63 million, a price-to-earnings ratio of 943.10 and a beta of 1.11. The company has a debt-to-equity ratio of 10.37, a quick ratio of 3.68 and a current ratio of 8.76.

Temple Bar Increases Dividend

The business also recently announced a dividend, which was paid on Monday, December 30th. Investors of record on Thursday, November 21st were issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, November 21st. This is a boost from Temple Bar’s previous dividend of $2.75. This represents a yield of 1.14%. Temple Bar’s dividend payout ratio is presently 3,448.28%.

Temple Bar Company Profile

Temple Bar’s investment objective is to provide investors with a growing income combined with growth in capital. It aims to meet this objective by investing primarily in UK equities, across different sectors, maintaining a balance of larger and smaller/medium-sized companies. The trust has a bias towards FTSE 350 companies.