The Merchants Trust (LON:MRCH) Announces Quarterly Earnings Results

The Merchants Trust (LON:MRCH) posted its quarterly earnings results on Wednesday. The investment trust reported GBX 29.43 ($0.38) earnings per share for the quarter, Digital Look Earnings reports. The Merchants Trust had a net margin of 90.97% and a return on equity of 13.03%.

The Merchants Trust Trading Down 0.8 %

LON:MRCH opened at GBX 483.50 ($6.18) on Wednesday. The firm’s fifty day simple moving average is GBX 530.43 and its 200 day simple moving average is GBX 549.96. The Merchants Trust has a twelve month low of GBX 448 ($5.72) and a twelve month high of GBX 605 ($7.73). The firm has a market capitalization of £719.12 million, a price-to-earnings ratio of 6.60 and a beta of 0.95.

The Merchants Trust Cuts Dividend

The company also recently disclosed a dividend, which was paid on Monday, April 7th. Stockholders of record on Thursday, April 3rd were issued a GBX 3.70 ($0.05) dividend. The ex-dividend date was Thursday, April 3rd. This represents a dividend yield of 2.51%. The Merchants Trust’s dividend payout ratio (DPR) is 39.61%.

The Merchants Trust Company Profile

The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.