Manchester & London (LON:MNL) Declares Dividend Increase – GBX 14 Per Share

Manchester & London (LON:MNL) announced a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 10th will be given a dividend of GBX 14 ($0.18) per share by the investment trust on Thursday, May 8th. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, April 10th. This is a 100.0% increase from Manchester & London’s previous dividend of $7.00. The official announcement can be accessed at this link.

Manchester & London Trading Down 5.0 %

MNL stock opened at GBX 646.20 ($8.38) on Friday. The firm has a 50 day moving average of GBX 721.84 and a 200-day moving average of GBX 708.50. Manchester & London has a 12-month low of GBX 572 ($7.42) and a 12-month high of GBX 850 ($11.02). The company has a market cap of £257.34 million, a price-to-earnings ratio of 2.15 and a beta of 0.42.

Manchester & London (LON:MNL) last posted its quarterly earnings results on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) earnings per share (EPS) for the quarter. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Insider Buying and Selling

In related news, insider Daren John Morris acquired 4,925 shares of the business’s stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of GBX 751 ($9.74) per share, for a total transaction of £36,986.75 ($47,960.00). Insiders own 2.09% of the company’s stock.

About Manchester & London

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine.