The Merchants Trust (LON:MRCH - Get Free Report) announced its quarterly earnings data on Wednesday. The investment trust reported GBX 29.43 ($0.39) EPS for the quarter, Digital Look Earnings reports. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.
The Merchants Trust Stock Performance
The Merchants Trust stock traded up GBX 15 ($0.20) during midday trading on Monday, hitting GBX 517 ($6.76). 286,787 shares of the company's stock were exchanged, compared to its average volume of 364,827. The stock has a market cap of £768.94 million, a price-to-earnings ratio of 7.06 and a beta of 0.95. The Merchants Trust has a 12-month low of GBX 448 ($5.86) and a 12-month high of GBX 605 ($7.92). The firm's 50 day simple moving average is GBX 525.51 and its 200 day simple moving average is GBX 547.33.
The Merchants Trust Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, May 15th will be issued a GBX 17 ($0.22) dividend. This represents a dividend yield of 5.5%. This is a boost from The Merchants Trust's previous dividend of $3.70. The ex-dividend date of this dividend is Thursday, May 15th. The Merchants Trust's payout ratio is presently 39.61%.
About The Merchants Trust
(
Get Free Report)
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.
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