Mercantile Investment Trust PLC (LON:MRC) declared a dividend on Tuesday, September 17th, Upcoming.Co.Uk reports. Investors of record on Thursday, September 26th will be paid a dividend of GBX 1.35 ($0.02) per share by the investment trust on Friday, November 1st. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, September 26th. The official announcement can be accessed at this link.

Shares of Mercantile Investment Trust stock traded down GBX 1.50 ($0.02) during mid-day trading on Tuesday, hitting GBX 208 ($2.72). 498,944 shares of the stock were exchanged, compared to its average volume of 127,900. Mercantile Investment Trust has a 12 month low of GBX 2.02 ($0.03) and a 12 month high of GBX 218.75 ($2.86). The company has a 50-day simple moving average of GBX 200.50 and a 200 day simple moving average of GBX 175.37. The company has a debt-to-equity ratio of 10.14, a quick ratio of 13.36 and a current ratio of 13.36. The company has a market capitalization of $1.65 billion and a P/E ratio of -10.30.

In other news, insider Graham Kitchen bought 5,000 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were purchased at an average price of GBX 192 ($2.51) per share, with a total value of £9,600 ($12,544.10). Also, insider Jeremy Tigue bought 9,991 shares of the company’s stock in a transaction on Monday, July 15th. The shares were purchased at an average cost of GBX 199 ($2.60) per share, for a total transaction of £19,882.09 ($25,979.47).

Mercantile Investment Trust Company Profile

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.

Featured Article: Bull Market

Dividend History for Mercantile Investment Trust (LON:MRC)

Receive News & Ratings for Mercantile Investment Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercantile Investment Trust and related companies with MarketBeat.com's FREE daily email newsletter.