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

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

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.