The Merchants Trust Plc (LON:MRCH) Increases Dividend to GBX 17 Per Share

The Merchants Trust Plc (LON:MRCH - Get Free Report) declared a dividend on Wednesday, April 9th, DividendData.Co.Uk reports. Shareholders of record on Thursday, May 15th will be given a dividend of GBX 17 ($0.22) per share by the investment trust on Monday, June 9th. This represents a 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 seen at this link.

The Merchants Trust Trading Up 3.0 %

Shares of MRCH traded up GBX 15 ($0.20) during mid-day trading on Monday, hitting GBX 517 ($6.76). The company's stock had a trading volume of 286,787 shares, compared to its average volume of 364,827. The firm has a 50-day simple moving average of GBX 525.51 and a 200 day simple moving average of GBX 547.33. The Merchants Trust has a 1-year low of GBX 448 ($5.86) and a 1-year high of GBX 605 ($7.92). The firm has a market capitalization of £768.94 million, a P/E ratio of 7.06 and a beta of 0.95.

The Merchants Trust (LON:MRCH - Get Free Report) last posted its quarterly earnings results on Wednesday, April 9th. The investment trust reported GBX 29.43 ($0.39) earnings per share (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.