The Merchants Trust (LON:MRCH) Announces Earnings Results

The Merchants Trust (LON:MRCH) posted its quarterly earnings data on Wednesday. The investment trust reported GBX 29.43 ($0.38) EPS for the quarter, Digital Look Earnings reports. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.

The Merchants Trust Price Performance

The Merchants Trust stock opened at GBX 499.50 ($6.48) on Friday. The Merchants Trust has a 1-year low of GBX 448 ($5.82) and a 1-year high of GBX 605 ($7.85). The company’s 50-day moving average is GBX 526.39 and its 200 day moving average is GBX 548.12. The firm has a market capitalization of £742.91 million, a P/E ratio of 6.82 and a beta of 0.95.

The Merchants Trust Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, June 9th. Investors of record on Thursday, May 15th will be issued a dividend of GBX 17 ($0.22) per share. This represents a yield of 5.5%. This is an increase from The Merchants Trust’s previous dividend of $3.70. The ex-dividend date is Thursday, May 15th. The Merchants Trust’s dividend payout ratio is presently 39.61%.

About The Merchants Trust

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.