Mercantile Investment Trust PLC (LON:MRC) insider Graham Kitchen purchased 8,000 shares of the business’s stock in a transaction dated Tuesday, October 16th. The shares were purchased at an average cost of GBX 195 ($2.55) per share, with a total value of £15,600 ($20,384.16).

MRC opened at GBX 194.50 ($2.54) on Friday. Mercantile Investment Trust PLC has a fifty-two week low of GBX 1,788.37 ($23.37) and a fifty-two week high of GBX 2,220 ($29.01).

The business also recently disclosed a dividend, which will be paid on Thursday, November 1st. Stockholders of record on Thursday, September 27th will be issued a dividend of GBX 1.25 ($0.02) per share. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 27th.

Mercantile Investment Trust Company Profile

The Mercantile Investment Trust plc is a United Kingdom-based investment trust company. The Company’s objective is to achieve long term capital growth from a portfolio of the United Kingdom-based medium and smaller companies. The Company’s investment policy includes to emphasize growth from medium and smaller companies; long term dividend growth at least in line with inflation; to use long term gearing to increase potential returns to shareholders, and to invest approximately 15% of gross assets in the other United Kingdom listed investment companies (including investment trusts).

Featured Article: Marijuana Stocks Investing Considerations

Receive News & Ratings for Mercantile Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercantile Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.