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

The Merchants Trust Plc (LON:MRCH) announced a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Stockholders 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 dividend yield of 1.29%. The ex-dividend date 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

Shares of LON MRCH traded up GBX 1 ($0.01) during midday trading on Tuesday, reaching GBX 559 ($7.07). 313,233 shares of the stock were exchanged, compared to its average volume of 197,940. The firm has a market cap of £829.11 million, a price-to-earnings ratio of -2,661.90 and a beta of 0.94. The Merchants Trust has a twelve month low of GBX 476 ($6.02) and a twelve month high of GBX 593 ($7.50). The firm has a 50-day simple moving average of GBX 570.90 and a two-hundred day simple moving average of GBX 547.53. The company has a quick ratio of 0.70, a current ratio of 0.55 and a debt-to-equity ratio of 13.87.

Insider Activity

In other news, insider Mal Patel acquired 400 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were bought at an average price of GBX 537 ($6.79) per share, for a total transaction of £2,148 ($2,716.92). Insiders own 7.29% of the company’s stock.

The Merchants Trust Company Profile

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.