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

The Merchants Trust Plc (LON:MRCH) declared 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 is Thursday, April 3rd. The official announcement can be viewed at this link.

The Merchants Trust Stock Performance

Shares of MRCH stock opened at GBX 528 ($6.83) on Friday. The stock’s 50 day simple moving average is GBX 537.31 and its 200 day simple moving average is GBX 555.03. The Merchants Trust has a twelve month low of GBX 519.62 ($6.73) and a twelve month high of GBX 605 ($7.83). The company has a market capitalization of £785.30 million, a price-to-earnings ratio of 7.21 and a beta of 0.95.

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.