The Merchants Trust Plc Declares Dividend of GBX 3.70 (LON:MRCH)

The Merchants Trust Plc (LON:MRCH) announced a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, April 3rd will be given a dividend of GBX 3.70 ($0.05) per share by the investment trust on Monday, April 7th. This represents a yield of 2.51%. The ex-dividend date of this dividend is Thursday, April 3rd. The official announcement can be seen at this link.

The Merchants Trust Stock Down 0.3 %

LON:MRCH opened at GBX 529.60 ($6.82) on Thursday. The Merchants Trust has a 12-month low of GBX 519.62 ($6.69) and a 12-month high of GBX 605 ($7.79). The stock’s fifty day simple moving average is GBX 538.20 and its 200-day simple moving average is GBX 555.62. The firm has a market capitalization of £787.68 million, a P/E ratio of 7.23 and a beta of 0.95.

The Merchants Trust Company Profile

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.