Magellan Global Trust (ASX:MGG) Raises Dividend to $0.03 Per Share

Magellan Global Trust (ASX:MGG) announced a final dividend on Monday, June 29th, MarketIndexAU reports. Shareholders of record on Tuesday, July 28th will be paid a dividend of 0.034 per share on Tuesday, July 28th. This represents a yield of 2.01%. The ex-dividend date is Wednesday, July 1st. This is a positive change from Magellan Global Trust’s previous final dividend of $0.03.

Shares of ASX MGG traded down A$0.03 ($0.02) during midday trading on Monday, hitting A$1.75 ($1.24). 1,172,641 shares of the stock traded hands. Magellan Global Trust has a one year low of A$1.12 ($0.79) and a one year high of A$2.18 ($1.55). The firm has a 50-day moving average of A$1.75 and a two-hundred day moving average of A$1.89. The firm has a market capitalization of $2.17 billion and a P/E ratio of 4.14.

About Magellan Global Trust

Magellan Global Trust is a closed-ended equity mutual fund launched and managed by Magellan Asset Management Limited. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies. It invests in stocks of companies across diversified market capitalizations.

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