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

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

The Merchants Trust Stock Up 0.9 %

Shares of MRCH opened at GBX 501.47 ($6.51) on Friday. The business’s fifty day moving average is GBX 526.39 and its 200 day moving average is GBX 548.12. The Merchants Trust has a 12-month low of GBX 448 ($5.82) and a 12-month high of GBX 605 ($7.85). The stock 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 company also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, May 15th will be given a dividend of GBX 17 ($0.22) per share. This represents a dividend yield of 5.5%. This is a positive change from The Merchants Trust’s previous dividend of $3.70. The ex-dividend date is Thursday, May 15th. The Merchants Trust’s dividend payout ratio is presently 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.