The Merchants Trust Plc (LON:MRCH - Get Free Report) 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 viewed at this link.
The Merchants Trust Stock Down 1.3 %
Shares of LON MRCH traded down GBX 7 ($0.09) during midday trading on Monday, hitting GBX 523 ($6.76). 272,768 shares of the company's stock were exchanged, compared to its average volume of 347,689. The firm has a market capitalization of £777.86 million, a PE ratio of 7.14 and a beta of 0.95. The Merchants Trust has a 12 month low of GBX 517.39 ($6.69) and a 12 month high of GBX 605 ($7.82). The company's 50 day moving average price is GBX 537.31 and its 200 day moving average price is GBX 554.62.
About The Merchants Trust
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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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