Mercantile Investment Trust PLC (LON:MRC) announced a dividend on Wednesday, March 27th, Upcoming.Co.Uk reports. Investors of record on Thursday, April 4th will be paid a dividend of GBX 2.55 ($0.03) per share by the investment trust on Wednesday, May 8th. This represents a yield of 1.29%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Mercantile Investment Trust’s previous dividend of $1.25. The official announcement can be accessed at this link.
LON:MRC remained flat at $GBX 2.40 ($0.03) during trading on Friday. Mercantile Investment Trust has a 1-year low of GBX 1.84 ($0.02) and a 1-year high of GBX 203.50 ($2.66).
In other Mercantile Investment Trust news, insider Heather Hopkins acquired 5,000 shares of Mercantile Investment Trust stock in a transaction on Tuesday, January 29th. The stock was purchased at an average price of GBX 194 ($2.53) per share, for a total transaction of £9,700 ($12,674.77).
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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