The Merchants Trust Plc (LON:MRCH) Increases Dividend to GBX 7.20 Per Share

Posted by Brian Wu on Jul 2nd, 2024

The Merchants Trust Plc (LON:MRCH – Get Free Report) declared a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Stockholders of record on Thursday, July 11th will be given a dividend of GBX 7.20 ($0.09) per share by the investment trust on Thursday, August 22nd. This represents a dividend yield of 1.29%. The ex-dividend date of this dividend is Thursday, July 11th. This is an increase from The Merchants Trust’s previous dividend of $7.10. The official announcement can be viewed at this link.

The Merchants Trust Stock Performance

Shares of The Merchants Trust stock traded up GBX 1 ($0.01) on Tuesday, reaching GBX 559 ($7.07). 313,233 shares of the company traded hands, compared to its average volume of 197,940. The Merchants Trust has a 52 week low of GBX 476 ($6.02) and a 52 week high of GBX 593 ($7.50). The company has a 50 day moving average of GBX 570.90 and a 200 day moving average of GBX 547.53. The firm has a market capitalization of £829.11 million, a PE ratio of -2,661.90 and a beta of 0.94. The company has a debt-to-equity ratio of 13.87, a current ratio of 0.55 and a quick ratio of 0.70.

Insider Buying and Selling

In other The Merchants Trust news, insider Mal Patel acquired 400 shares of the business’s stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average cost of GBX 537 ($6.79) per share, with a total value of £2,148 ($2,716.92). 7.29% of the stock is owned by insiders.

About The Merchants Trust

(Get Free Report)

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.