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

The Merchants Trust Plc (LON:MRCH) announced a dividend on Thursday, March 27th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, April 3rd will be paid a dividend of GBX 3.70 ($0.05) per share by the investment trust on Monday, April 7th. This represents a dividend yield of 2.51%. The ex-dividend date of this dividend is Thursday, April 3rd. The official announcement can be accessed at this link.

The Merchants Trust Price Performance

MRCH opened at GBX 530.42 ($6.87) on Friday. The company’s 50 day simple moving average is GBX 537.79 and its two-hundred day simple moving average is GBX 555.44. The firm has a market capitalization of £788.91 million, a price-to-earnings ratio of 7.25 and a beta of 0.95. The Merchants Trust has a 1-year low of GBX 519.62 ($6.73) and a 1-year high of GBX 605 ($7.83).

The Merchants Trust Company Profile

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.