Merchants Trust (LON:MRCH) Announces Dividend of GBX 7.10

Merchants Trust (LON:MRCH) announced a dividend on Friday, April 5th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, April 18th will be given a dividend of GBX 7.10 ($0.09) per share by the investment trust on Wednesday, May 22nd. This represents a yield of 1.33%. The ex-dividend date is Thursday, April 18th. The official announcement can be accessed at this link.

Merchants Trust Stock Performance

LON:MRCH opened at GBX 544.56 ($6.78) on Wednesday. The company has a market capitalization of £801.05 million, a PE ratio of 4,161.53 and a beta of 0.91. The company has a 50 day simple moving average of GBX 526.50 and a two-hundred day simple moving average of GBX 526.84. The company has a debt-to-equity ratio of 10.67, a quick ratio of 0.70 and a current ratio of 0.31. Merchants Trust has a fifty-two week low of GBX 476 ($5.93) and a fifty-two week high of GBX 586 ($7.29).

Insiders Place Their Bets

In other Merchants Trust news, insider Mal Patel purchased 400 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were purchased at an average cost of GBX 537 ($6.68) per share, for a total transaction of £2,148 ($2,673.97). Company insiders own 7.17% of the company’s stock.

Merchants Trust Company Profile

The Merchants Trust Plc is a closed-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in the public equity markets of the United Kingdom. It invests in stocks of companies operating across diversified sectors. The fund benchmarks the performance of its portfolio against the FTSE All-Share Index.