Mercantile Investment Trust PLC (MRC) to Issue GBX 1.25 Dividend
Mercantile Investment Trust PLC (LON:MRC) declared a dividend on Wednesday, December 5th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, December 20th will be given a dividend of GBX 1.25 ($0.02) per share by the investment trust on Friday, February 1st. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, December 20th. The official announcement can be accessed at this link.
Shares of LON:MRC traded down GBX 1.34 ($0.02) during trading on Wednesday, reaching GBX 182.24 ($2.38). The company had a trading volume of 164,201 shares, compared to its average volume of 127,900. Mercantile Investment Trust has a fifty-two week low of GBX 1,788.37 ($23.37) and a fifty-two week high of GBX 2,220 ($29.01).
In related news, insider Graham Kitchen bought 8,000 shares of the company’s stock in a transaction dated Tuesday, October 16th. The shares were acquired at an average price of GBX 195 ($2.55) per share, with a total value of £15,600 ($20,384.16).
About Mercantile Investment Trust
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.
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