The Merchants Trust Plc (LON:MRCH) Declares Dividend of GBX 7.20

Posted by Samantha Reynolds on Jul 3rd, 2024

The Merchants Trust Plc (LON:MRCH – Get Free Report) announced a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Shareholders 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 yield of 1.29%. The ex-dividend date is Thursday, July 11th. This is a positive change from The Merchants Trust’s previous dividend of $7.10. The official announcement can be accessed at this link.

The Merchants Trust Stock Performance

MRCH stock opened at GBX 563.48 ($7.13) on Wednesday. The Merchants Trust has a twelve month low of GBX 476 ($6.02) and a twelve month high of GBX 593 ($7.50). The company has a quick ratio of 0.70, a current ratio of 0.55 and a debt-to-equity ratio of 13.87. The company has a market cap of £835.75 million, a P/E ratio of -2,661.90 and a beta of 0.94. The business’s fifty day moving average is GBX 570.90 and its 200-day moving average is GBX 547.53.

Insider Activity at The Merchants Trust

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

The Merchants Trust Company Profile

(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.