The Merchants Trust Plc (LON:MRCH) Increases Dividend to GBX 7.20 Per Share

The Merchants Trust Plc (LON:MRCHGet Free Report) announced a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Shareholders of record on Thursday, July 11th will be paid a dividend of GBX 7.20 ($0.09) per share by the investment trust on Thursday, August 22nd. This represents a yield of 1.29%. The ex-dividend date is Thursday, July 11th. This is a boost from The Merchants Trust’s previous dividend of $7.10. The official announcement can be seen at this link.

The Merchants Trust Stock Performance

Shares of LON:MRCH opened at GBX 572.49 ($7.24) on Thursday. The company has a current ratio of 0.55, a quick ratio of 0.70 and a debt-to-equity ratio of 13.87. The company has a 50-day moving average price of GBX 571.24 and a 200-day moving average price of GBX 547.66. The company has a market cap of £849.11 million, a price-to-earnings ratio of -2,714.29 and a beta of 0.94. The Merchants Trust has a 12 month low of GBX 476 ($6.02) and a 12 month high of GBX 593 ($7.50).

Insider Buying and Selling at The Merchants Trust

In other The Merchants Trust news, insider Mal Patel acquired 400 shares of the company’s stock in a transaction on Tuesday, April 16th. The stock was acquired at an average price of GBX 537 ($6.79) per share, for a total transaction of £2,148 ($2,716.92). 7.29% of the stock is currently owned by corporate insiders.

The Merchants Trust Company Profile

(Get Free Report)

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.

See Also

Dividend History for The Merchants Trust (LON:MRCH)

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