The Mercantile Investment Trust plc (LON:MRC) Plans Dividend of GBX 1.45

The Mercantile Investment Trust plc (LON:MRC – Get Rating) announced a dividend on Wednesday, May 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 22nd will be paid a dividend of GBX 1.45 ($0.02) per share by the investment trust on Tuesday, August 1st. This represents a yield of 0.73%. The ex-dividend date of this dividend is Thursday, June 22nd. The official announcement can be viewed at this link.

The Mercantile Investment Trust Price Performance

MRC stock opened at GBX 197.71 ($2.46) on Friday. The stock has a market capitalization of £1.56 billion, a price-to-earnings ratio of -569.71 and a beta of 1.14. The company has a quick ratio of 11.82, a current ratio of 16.70 and a debt-to-equity ratio of 17.57. The Mercantile Investment Trust has a 52-week low of GBX 158.33 ($1.97) and a 52-week high of GBX 223.50 ($2.78). The stock’s fifty day simple moving average is GBX 197.90 and its 200-day simple moving average is GBX 202.35.

Insiders Place Their Bets

In related news, insider Julia Goh acquired 20,000 shares of the company’s stock in a transaction dated Thursday, April 13th. The stock was bought at an average price of GBX 195 ($2.43) per share, with a total value of £39,000 ($48,507.46). 0.60% of the stock is owned by corporate insiders.

The Mercantile Investment Trust Company Profile

(Get Rating)

The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors.