The Merchants Trust Plc (LON:MRCH) Announces Dividend Increase – GBX 7.20 Per Share

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

The Merchants Trust Stock Performance

MRCH opened at GBX 583.85 ($7.48) on Wednesday. The firm has a market cap of £865.97 million, a P/E ratio of -2,766.04 and a beta of 0.94. The Merchants Trust has a 1-year low of GBX 476 ($6.10) and a 1-year high of GBX 593 ($7.60). The company has a 50 day simple moving average of GBX 573.09 and a two-hundred day simple moving average of GBX 548.49. The company has a debt-to-equity ratio of 13.87, a current ratio of 0.55 and a quick ratio of 0.70.

Insiders Place Their Bets

In related news, insider Mal Patel bought 400 shares of the stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of GBX 537 ($6.88) per share, with a total value of £2,148 ($2,751.38). Company insiders own 7.29% of the company’s stock.

About The Merchants Trust

(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.

Read More

Dividend History for The Merchants Trust (LON:MRCH)

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