Mercantile Investment Trust PLC (LON:MRC) declared a dividend on Tuesday, September 20th. Investors 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 viewed at this link.
Mercantile Investment Trust PLC (LON:MRC) opened at 1676.00 on Friday. Mercantile Investment Trust PLC has a 12 month low of GBX 1,369.00 and a 12 month high of GBX 1,845.00. The company’s 50-day moving average is GBX 19.03 and its 200 day moving average is GBX 18.84.
In other Mercantile Investment Trust PLC news, insider Morley,Harry acquired 1,000 shares of Mercantile Investment Trust PLC stock in a transaction on Friday, July 8th. The stock was purchased at an average price of GBX 1,459 ($19.04) per share, for a total transaction of £14,590 ($19,044.51). Also, insider Tigue,Jeremy acquired 692 shares of Mercantile Investment Trust PLC stock in a transaction on Thursday, July 7th. The stock was acquired at an average price of GBX 1,434 ($18.72) per share, with a total value of £9,923.28 ($12,952.98).
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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