The Merchants Trust Plc (MRCH) To Go Ex-Dividend on May 15th

The Merchants Trust Plc (LON:MRCH) announced a dividend on Wednesday, April 9th, DividendData.Co.Uk reports. Stockholders of record on Thursday, May 15th will be paid a dividend of GBX 17 ($0.22) per share by the investment trust on Monday, June 9th. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend is Thursday, May 15th. This is a 359.5% increase from The Merchants Trust’s previous dividend of $3.70. The official announcement can be viewed at this link.

The Merchants Trust Trading Up 1.6 %

Shares of LON:MRCH opened at GBX 505 ($6.56) on Friday. The company has a 50 day moving average of GBX 526.39 and a 200 day moving average of GBX 548.12. The stock has a market cap of £751.09 million, a P/E ratio of 6.90 and a beta of 0.95. The Merchants Trust has a 12 month low of GBX 448 ($5.82) and a 12 month high of GBX 605 ($7.85).

The Merchants Trust (LON:MRCH) last released its quarterly earnings results on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.38) EPS for the quarter. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.

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.