Manchester & London (MNL) to Issue Dividend of GBX 14 on May 8th

Manchester & London (LON:MNL) announced a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Investors of record on Thursday, April 10th will be paid a dividend of GBX 14 ($0.18) per share by the investment trust on Thursday, May 8th. This represents a dividend yield of 2.06%. The ex-dividend date of this dividend is Thursday, April 10th. This is a 100.0% increase from Manchester & London’s previous dividend of $7.00. The official announcement can be viewed at this link.

Manchester & London Stock Performance

Shares of MNL opened at GBX 566 ($7.20) on Tuesday. The firm has a market cap of £225.40 million, a PE ratio of 1.88 and a beta of 0.42. Manchester & London has a 52-week low of GBX 435.01 ($5.54) and a 52-week high of GBX 850 ($10.82). The business’s 50 day moving average price is GBX 683.20 and its two-hundred day moving average price is GBX 706.88.

Manchester & London (LON:MNL) last issued its earnings results on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) earnings per share (EPS) for the quarter. Manchester & London had a return on equity of 39.92% and a net margin of 95.89%.

Insider Buying and Selling

In related news, insider Daren John Morris bought 4,925 shares of the company’s stock in a transaction dated Wednesday, January 29th. The shares were bought at an average price of GBX 751 ($9.56) per share, for a total transaction of £36,986.75 ($47,080.89). 2.09% of the stock is owned by company insiders.

About Manchester & London

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine.