Manchester & London (LON:MNL – Get Free Report) declared a dividend on Wednesday, September 25th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 3rd will be paid a dividend of GBX 7 ($0.09) per share by the investment trust on Friday, November 8th. This represents a yield of 1.07%. The ex-dividend date of this dividend is Thursday, October 3rd. The official announcement can be viewed at this link.
Manchester & London Stock Up 1.0 %
Shares of LON:MNL opened at GBX 679.87 ($9.10) on Friday. The firm has a market cap of £272.97 million, a price-to-earnings ratio of 261.42 and a beta of 0.42. Manchester & London has a 12 month low of GBX 409 ($5.48) and a 12 month high of GBX 850 ($11.38). The company’s fifty day simple moving average is GBX 670.44 and its 200 day simple moving average is GBX 686.61.
Insiders Place Their Bets
In other news, insider Daniel Wright acquired 5,000 shares of Manchester & London stock in a transaction dated Tuesday, August 20th. The stock was bought at an average cost of GBX 706 ($9.45) per share, with a total value of £35,300 ($47,268.34). In other Manchester & London news, insider Daniel Wright bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was acquired at an average price of GBX 706 ($9.45) per share, with a total value of £35,300 ($47,268.34). Also, insider Daren John Morris acquired 4,000 shares of the company’s stock in a transaction dated Thursday, July 25th. The shares were bought at an average price of GBX 696 ($9.32) per share, for a total transaction of £27,840 ($37,279.06). Corporate insiders own 2.09% of the company’s stock.
About Manchester & London
Manchester & London Investment Trust plc is a close-ended fund launched and managed by M&L Capital Management Limited. The fund primarily invests in the public equity markets of the United Kingdom. It makes its investments across diversified sectors. The fund primarily invests in growth stocks of companies by employing a fundamental analysis.
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