The Merchants Trust Plc (MRCH) to Issue Dividend of GBX 7.30 on November 15th

The Merchants Trust Plc (LON:MRCH) announced a dividend on Friday, September 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, October 10th will be paid a dividend of GBX 7.30 ($0.10) per share by the investment trust on Friday, November 15th. This represents a yield of 1.25%. The ex-dividend date of this dividend is Thursday, October 10th. This is an increase from The Merchants Trust’s previous dividend of $7.20. The official announcement can be viewed at this link.

The Merchants Trust Stock Performance

Shares of MRCH stock opened at GBX 591 ($7.91) on Friday. The Merchants Trust has a one year low of GBX 476 ($6.37) and a one year high of GBX 605 ($8.10). The company has a debt-to-equity ratio of 13.87, a quick ratio of 0.70 and a current ratio of 0.55. The firm’s 50 day moving average price is GBX 588.54 and its 200-day moving average price is GBX 569.20. The firm has a market cap of £877.16 million, a P/E ratio of -2,814.29 and a beta of 0.96.

About The Merchants Trust

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.