The Mercantile Investment Trust plc (LON:MRC) Declares Dividend Increase – GBX 3.30 Per Share

The Mercantile Investment Trust plc (LON:MRC) announced a dividend on Wednesday, March 27th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, April 11th will be given a dividend of GBX 3.30 ($0.04) per share by the investment trust on Thursday, May 16th. This represents a dividend yield of 1.46%. The ex-dividend date of this dividend is Thursday, April 11th. This is a positive change from The Mercantile Investment Trust’s previous dividend of $1.45. The official announcement can be accessed at this link.

The Mercantile Investment Trust Price Performance

Shares of LON MRC opened at GBX 226 ($2.86) on Thursday. The Mercantile Investment Trust has a fifty-two week low of GBX 177.20 ($2.24) and a fifty-two week high of GBX 227.50 ($2.88). The business has a 50 day moving average price of GBX 216.95 and a two-hundred day moving average price of GBX 206.85. The company has a quick ratio of 11.82, a current ratio of 11.12 and a debt-to-equity ratio of 18.01. The firm has a market cap of £1.76 billion, a PE ratio of 22,550.00 and a beta of 1.12.

Insider Buying and Selling

In other The Mercantile Investment Trust news, insider Angus Gordon Lennox sold 40,000 shares of The Mercantile Investment Trust stock in a transaction on Monday, January 8th. The stock was sold at an average price of GBX 213 ($2.69), for a total transaction of £85,200 ($107,670.92). In other news, insider Angus Gordon Lennox sold 40,000 shares of the business’s stock in a transaction on Monday, January 8th. The stock was sold at an average price of GBX 213 ($2.69), for a total value of £85,200 ($107,670.92). Also, insider Damien Maltarp acquired 5,000 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was purchased at an average cost of GBX 212 ($2.68) per share, for a total transaction of £10,600 ($13,395.68). Company insiders own 0.68% of the company’s stock.

About The Mercantile Investment Trust

The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors.