The Mercantile Investment Trust plc (LON:MRC) Announces Dividend of GBX 1.50

The Mercantile Investment Trust plc (LON:MRC) announced a dividend on Tuesday, September 17th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 26th will be paid a dividend of GBX 1.50 ($0.02) per share by the investment trust on Friday, November 1st. This represents a dividend yield of 0.61%. The ex-dividend date of this dividend is Thursday, September 26th. The official announcement can be viewed at this link.

The Mercantile Investment Trust Price Performance

Shares of LON:MRC opened at GBX 244 ($3.22) on Wednesday. The Mercantile Investment Trust has a fifty-two week low of GBX 177.20 ($2.34) and a fifty-two week high of GBX 269.05 ($3.55). The business has a 50-day moving average of GBX 248.16 and a two-hundred day moving average of GBX 236.95. The stock has a market capitalization of £1.89 billion, a P/E ratio of 2,438.87 and a beta of 1.16. The company has a debt-to-equity ratio of 17.58, a current ratio of 5.04 and a quick ratio of 11.82.

The Mercantile Investment Trust Company Profile

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.