The Merchants Trust (LON:MRCH) Releases Quarterly Earnings Results

The Merchants Trust (LON:MRCH) issued its quarterly earnings results on Wednesday. The investment trust reported GBX 29.43 earnings per share for the quarter, reports. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.

The Merchants Trust Stock Performance

LON MRCH opened at GBX 597.76 on Wednesday. The stock has a market capitalization of £882.49 million, a P/E ratio of 26.07 and a beta of 0.95. The Merchants Trust has a 52 week low of GBX 448 and a 52 week high of GBX 599. The stock has a fifty day moving average of GBX 568.89 and a 200-day moving average of GBX 560.77.

About The Merchants Trust

The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.