The Merchants Trust Plc (MRCH) To Go Ex-Dividend on July 11th

The Merchants Trust Plc (LON:MRCH) announced a dividend on Tuesday, July 2nd, Upcoming.Co.Uk reports. Investors of record on Thursday, July 11th will be paid a dividend of GBX 7.20 ($0.09) per share by the investment trust on Thursday, August 22nd. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, July 11th. This is an increase from The Merchants Trust’s previous dividend of $7.10. The official announcement can be viewed at this link.

The Merchants Trust Stock Up 0.4 %

The Merchants Trust stock opened at GBX 572.49 ($7.24) on Thursday. The firm has a market cap of £849.11 million, a price-to-earnings ratio of -2,714.29 and a beta of 0.94. The Merchants Trust has a 52-week low of GBX 476 ($6.02) and a 52-week high of GBX 593 ($7.50). 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 has a 50 day moving average price of GBX 571.24 and a two-hundred day moving average price of GBX 547.66.

Insider Buying and Selling

In other news, insider Mal Patel purchased 400 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were acquired at an average price of GBX 537 ($6.79) per share, with a total value of £2,148 ($2,716.92). 7.29% of the stock is owned by insiders.

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.