Mercantile Investment Trust PLC (MRC) To Go Ex-Dividend on September 27th
Mercantile Investment Trust PLC (LON:MRC) declared a dividend on Friday, September 14th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, September 27th will be paid a dividend of GBX 1.25 ($0.02) per share by the investment trust on Thursday, November 1st. This represents a dividend yield of 0.59%. The ex-dividend date of this dividend is Thursday, September 27th. The official announcement can be seen at this link.
Shares of Mercantile Investment Trust stock traded up GBX 211.34 ($2.75) during trading on Wednesday, reaching GBX 213.50 ($2.78). The company’s stock had a trading volume of 122,952 shares, compared to its average volume of 127,900. Mercantile Investment Trust has a 1-year low of GBX 1,788.37 ($23.30) and a 1-year high of GBX 2,220 ($28.92).
In other Mercantile Investment Trust news, insider Graham Kitchen purchased 23,620 shares of the company’s stock in a transaction dated Monday, July 2nd. The stock was purchased at an average price of GBX 217 ($2.83) per share, for a total transaction of £51,255.40 ($66,764.88).
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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