The Merchants Trust Plc (MRCH) To Go Ex-Dividend on April 3rd

The Merchants Trust Plc (LON:MRCH) announced 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 of this dividend is Thursday, April 3rd. The official announcement can be seen at this link.

The Merchants Trust Price Performance

The Merchants Trust stock opened at GBX 528 ($6.83) on Friday. The Merchants Trust has a fifty-two week low of GBX 519.62 ($6.73) and a fifty-two week high of GBX 605 ($7.83). The firm’s 50 day simple moving average is GBX 537.31 and its 200-day simple moving average is GBX 555.03. The company has a market cap of £785.30 million, a P/E 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.