The Merchants Trust (LON:MRCH – Get Free Report) 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 return on equity of 13.03% and a net margin of 90.97%.
The Merchants Trust Price Performance
Shares of MRCH stock opened at GBX 507 ($6.48) on Thursday. The Merchants Trust has a 1 year low of GBX 448 ($5.72) and a 1 year high of GBX 605 ($7.73). The stock has a market capitalization of £754.07 million, a price-to-earnings ratio of 6.93 and a beta of 0.95. The company’s fifty day simple moving average is GBX 527.39 and its two-hundred day simple moving average is GBX 548.72.
The Merchants Trust Increases Dividend
The firm also recently announced a dividend, which will be paid on Monday, June 9th. Stockholders of record on Thursday, May 15th will be paid a GBX 17 ($0.22) dividend. This represents a dividend yield of 5.5%. The ex-dividend date of this dividend is Thursday, May 15th. This is an increase from The Merchants Trust’s previous dividend of $3.70. The Merchants Trust’s payout ratio is presently 39.61%.
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.
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