Manchester & London (LON:MNL) Announces Dividend Increase – GBX 14 Per Share

Manchester & London (LON:MNL) announced a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Investors of record on Thursday, April 10th will be paid a dividend of GBX 14 ($0.18) per share by the investment trust on Thursday, May 8th. This represents a yield of 2.06%. The ex-dividend date of this dividend is Thursday, April 10th. This is a 100.0% increase from Manchester & London’s previous dividend of $7.00. The official announcement can be accessed at this link.

Manchester & London Stock Performance

Shares of MNL opened at GBX 646.20 ($8.38) on Friday. The stock’s 50-day simple moving average is GBX 721.84 and its 200 day simple moving average is GBX 708.50. The stock has a market capitalization of £257.34 million, a price-to-earnings ratio of 2.15 and a beta of 0.42. Manchester & London has a 52-week low of GBX 572 ($7.42) and a 52-week high of GBX 850 ($11.02).

Manchester & London (LON:MNL) last released its quarterly earnings results on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) earnings per share for the quarter. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Insider Activity

In related news, insider Daren John Morris purchased 4,925 shares of the firm’s stock in a transaction on Wednesday, January 29th. The shares were acquired at an average cost of GBX 751 ($9.74) per share, with a total value of £36,986.75 ($47,960.00). Corporate insiders own 2.09% of the company’s stock.

About Manchester & London

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine.