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

Manchester & London (LON:MNL) declared a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Shareholders of record on Thursday, April 10th will be paid 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 of this dividend is Thursday, April 10th. This is a 100.0% increase from Manchester & London’s previous dividend of $7.00. The official announcement can be seen at this link.

Manchester & London Stock Down 5.0 %

LON MNL opened at GBX 646.20 ($8.38) on Friday. Manchester & London has a 52-week low of GBX 572 ($7.42) and a 52-week high of GBX 850 ($11.02). The business’s 50-day moving average price is GBX 721.84 and its 200 day moving average price is GBX 708.50. The firm has a market cap of £257.34 million, a P/E ratio of 2.15 and a beta of 0.42.

Manchester & London (LON:MNL) last released 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 return on equity of 39.92% and a net margin of 95.89%.

Insider Buying and Selling

In other Manchester & London news, insider Daren John Morris acquired 4,925 shares of the stock in a transaction on Wednesday, January 29th. The shares were bought at an average price of GBX 751 ($9.74) per share, with a total value of £36,986.75 ($47,960.00). Corporate 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.