Mercantile Investment Trust PLC Plans Dividend of GBX 10.25 (MRC)
Mercantile Investment Trust PLC (LON:MRC) announced a dividend on Tuesday, September 20th. Shareholders of record on Thursday, October 6th will be paid a dividend of GBX 10.25 ($0.13) per share by the investment trust on Tuesday, November 1st. This represents a yield of 0.61%. The ex-dividend date of this dividend is Thursday, October 6th. The official announcement can be seen at this link.
In related news, insider Tigue,Jeremy bought 692 shares of the stock in a transaction dated Thursday, July 7th. The shares were acquired at an average cost of GBX 1,434 ($18.72) per share, for a total transaction of £9,923.28 ($12,952.98). Also, insider Morley,Harry bought 1,000 shares of the stock in a transaction dated Friday, July 8th. The shares were bought at an average price of GBX 1,459 ($19.04) per share, for a total transaction of £14,590 ($19,044.51).
Shares of Mercantile Investment Trust PLC (LON:MRC) traded down 0.29% during midday trading on Tuesday, reaching GBX 1692.00. The company’s stock had a trading volume of 86,582 shares. The stock’s 50 day moving average price is GBX 18.91 and its 200 day moving average price is GBX 18.80. Mercantile Investment Trust PLC has a one year low of GBX 1,369.00 and a one year high of GBX 1,845.00.
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About Mercantile Investment Trust PLC
The Mercantile Investment Trust plc is a United Kingdom-based investment trust company. The Company’s objective is to achieve long term capital growth from a portfolio of the United Kingdom-based medium and smaller companies. The Company’s investment policy includes to emphasize growth from medium and smaller companies; long term dividend growth at least in line with inflation; to use long term gearing to increase potential returns to shareholders, and to invest approximately 15% of gross assets in the other United Kingdom listed investment companies (including investment trusts).
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