Mercantile (LON:MRC) Announces GBX 1.45 Dividend

Mercantile (LON:MRC) declared a dividend on Friday, September 15th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 28th will be paid a dividend of GBX 1.45 ($0.02) per share by the investment trust on Wednesday, November 1st. This represents a dividend yield of 0.71%. The ex-dividend date of this dividend is Thursday, September 28th. The official announcement can be viewed at this link.

Mercantile Trading Up 0.5 %

LON:MRC opened at GBX 203.95 ($2.55) on Friday. The firm has a market capitalization of £1.61 billion, a price-to-earnings ratio of -554.53 and a beta of 1.12. The company has a debt-to-equity ratio of 17.57, a current ratio of 16.70 and a quick ratio of 11.82. The business has a fifty day moving average price of GBX 196.78 and a 200-day moving average price of GBX 198.74. Mercantile has a one year low of GBX 158.33 ($1.98) and a one year high of GBX 223.50 ($2.80).

Insider Transactions at Mercantile

In related news, insider Graham Kitchen acquired 11,000 shares of the business’s stock in a transaction that occurred on Thursday, July 6th. The stock was bought at an average cost of GBX 188 ($2.35) per share, for a total transaction of £20,680 ($25,879.11). Corporate insiders own 0.60% of the company’s stock.

About Mercantile

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.