The Merchants Trust (LON:MRCH) Posts Earnings Results

The Merchants Trust (LON:MRCH) issued its quarterly earnings results on Wednesday. The investment trust reported GBX 29.43 ($0.38) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.

The Merchants Trust Price Performance

Shares of The Merchants Trust stock opened at GBX 501.47 ($6.51) on Friday. The firm has a 50 day simple moving average of GBX 526.39 and a 200 day simple moving average of GBX 548.12. The Merchants Trust has a fifty-two week low of GBX 448 ($5.82) and a fifty-two week high of GBX 605 ($7.85). The firm has a market cap of £745.84 million, a P/E ratio of 6.85 and a beta of 0.95.

The Merchants Trust Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, May 15th will be paid a dividend of GBX 17 ($0.22) per share. This is a boost from The Merchants Trust’s previous dividend of $3.70. This represents a dividend yield of 5.5%. The ex-dividend date is Thursday, May 15th. The Merchants Trust’s dividend payout ratio is 39.61%.

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.