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

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

The Merchants Trust Price Performance

MRCH opened at GBX 596.50 on Wednesday. The firm has a market cap of £880.63 million, a PE ratio of 26.01 and a beta of 0.95. The stock has a 50-day moving average price of GBX 568.89 and a 200-day moving average price of GBX 560.77. The Merchants Trust has a 1 year low of GBX 448 and a 1 year high of GBX 599.

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.