Temple Bar (LON:TMPL) Share Price Crosses Above 50 Day Moving Average – What’s Next?

Temple Bar (LON:TMPL)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 268.45 ($3.30) and traded as high as GBX 270 ($3.32). Temple Bar shares last traded at GBX 268.45 ($3.30), with a volume of 859,939 shares.

Temple Bar Stock Performance

The company has a market capitalization of £764.29 million, a PE ratio of 919.83 and a beta of 1.11. The firm has a 50-day moving average of GBX 268.45 and a two-hundred day moving average of GBX 268.03. The company has a quick ratio of 3.68, a current ratio of 8.76 and a debt-to-equity ratio of 10.37.

Temple Bar Increases Dividend

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

About Temple Bar

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.