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

Manchester & London (LON:MNL) announced a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 10th will be given 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 Price Performance

LON:MNL opened at GBX 646.20 ($8.38) on Friday. The firm has a market capitalization of £257.34 million, a P/E ratio of 2.15 and a beta of 0.42. Manchester & London has a 1-year low of GBX 572 ($7.42) and a 1-year high of GBX 850 ($11.02). The company’s fifty day moving average price is GBX 721.84 and its 200-day moving average price is GBX 708.50.

Manchester & London (LON:MNL) last released its quarterly earnings results on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) EPS for the quarter. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Insider Activity at Manchester & London

In related news, insider Daren John Morris bought 4,925 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of GBX 751 ($9.74) per share, for a total transaction of £36,986.75 ($47,960.00). 2.09% of the stock is owned by company insiders.

Manchester & London Company Profile

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.