Manchester & London (LON:MNL) to Issue Dividend of GBX 14

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 seen at this link.

Manchester & London Trading Up 10.3 %

Shares of MNL stock opened at GBX 566 ($7.20) on Tuesday. The firm’s 50 day moving average is GBX 683.20 and its 200 day moving average is GBX 706.88. The stock has a market capitalization of £225.40 million, a P/E ratio of 1.88 and a beta of 0.42. Manchester & London has a 12 month low of GBX 435.01 ($5.54) and a 12 month high of GBX 850 ($10.82).

Manchester & London (LON:MNL) last announced 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 at Manchester & London

In other Manchester & London news, insider Daren John Morris purchased 4,925 shares of the stock in a transaction on Wednesday, January 29th. The shares were purchased at an average price of GBX 751 ($9.56) per share, with a total value of £36,986.75 ($47,080.89). 2.09% of the stock is owned by corporate insiders.

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.