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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Merchants Trust Plc | MRCH | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 3.00 | 0.54% | 555.00 | 16:35:25 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 558.00 | 553.00 | 558.00 | 555.00 | 552.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 25/01/2024 | Interim | GBP | 0.071 | 01/02/2024 | 02/02/2024 | 14/03/2024 |
| 26/09/2023 | Interim | GBP | 0.071 | 05/10/2023 | 06/10/2023 | 10/11/2023 |
| 29/06/2023 | Interim | GBP | 0.071 | 06/07/2023 | 07/07/2023 | 24/08/2023 |
| 05/04/2023 | Final | GBP | 0.07 | 20/04/2023 | 21/04/2023 | 26/05/2023 |
| 20/01/2023 | Interim | GBP | 0.069 | 02/02/2023 | 03/02/2023 | 15/03/2023 |
| 30/09/2022 | Interim | GBP | 0.0685 | 06/10/2022 | 07/10/2022 | 10/11/2022 |
| 07/07/2022 | Interim | GBP | 0.0685 | 14/07/2022 | 15/07/2022 | 24/08/2022 |
| 07/04/2022 | Final | GBP | 0.0685 | 14/04/2022 | 19/04/2022 | 24/05/2022 |
| 20/01/2022 | Interim | GBP | 0.0685 | 03/02/2022 | 04/02/2022 | 15/03/2022 |
| 27/09/2021 | Interim | GBP | 0.068 | 07/10/2021 | 08/10/2021 | 11/11/2021 |
| 02/07/2021 | Interim | GBP | 0.068 | 15/07/2021 | 16/07/2021 | 20/08/2021 |
| 14/04/2021 | Final | GBP | 0.068 | 22/04/2021 | 23/04/2021 | 18/05/2021 |
| 26/01/2021 | Interim | GBP | 0.068 | 04/02/2021 | 05/02/2021 | 16/03/2021 |
| 30/09/2020 | Interim | GBP | 0.068 | 08/10/2020 | 09/10/2020 | 12/11/2020 |
| 24/06/2020 | Interim | GBP | 0.068 | 09/07/2020 | 10/07/2020 | 19/08/2020 |
| 16/04/2020 | Interim | GBP | 0.068 | 23/04/2020 | 24/04/2020 | 29/05/2020 |
| 21/01/2020 | Interim | GBP | 0.068 | 30/01/2020 | 31/01/2020 | 11/03/2020 |
| 17/09/2019 | Interim | GBP | 0.068 | 03/10/2019 | 04/10/2019 | 12/11/2019 |
| 03/07/2019 | Interim | GBP | 0.067 | 11/07/2019 | 12/07/2019 | 20/08/2019 |
| Top Posts |
|---|
Posted at 25/4/2024 10:47 by mister md SS - a reminder ;-)Superiorshares 16 Oct '23 - 01:08 - 2281 of 2335 Will the MRCH share price soon begin with a 4 ? ...I think so I repeat £3 pound ush by the end of 2024 -------------------- Mister MD 19 Oct '23 - 07:24 - 2282 of 2335 Edit I'll go for £6 pounds by end of 2024 Fwiw have added to holding in the 490s. |
Posted at 19/4/2024 21:14 by investingdad I said closer to 600p than 300p. I'm correct so far. 11% gain Vs 40% drop. We will see.From the invasion to a year later the share price rose 15% or so and rallied on the move to value in 22. Higher for longer is certainly going to be true, however there will be some downward movement here before the US. MRCH has done well enough in the high interest rate environment, even with some poor performance of late. Also, if you have invested here during the lows, you manage to outpace inflation and keep picking up those dividends without a worry. Time in the market and all that.I'm fine with them issuing shares when at a premium which is what they openly do. Earnings per share have risen, looks positive enough.Stability from elections here and predominantly US will give the market direction. To deny it as a political view is an odd call when a history has shown that it more or less happens every time.I do think 2025 might have some more issues, but a correction in US markets will probably happen this year, however I think stability from elections will push the bad news a little. Providing the middle east doesn't truly ignite. |
Posted at 19/4/2024 07:02 by superiorshares My call was based on companies will have to cut or shelve their dividends ultimately.Also I believe that MRCH were issuing shares to pay dividend via the back door. Interest rates are going to remain high and possibly go higher. It was also based on a War in Ukraine. Only a Sanctimonious Europhile would say their will be a Stockmarket rally based on a Labour win. Just for the record Labour could only wish to be as Left extremist as the Tory filth. I don't need to pick out points between the beginning of my call and the end of 2024. I will see how near or how far it is from £3 Somebody also made a call on here that it would be £6 by 2024 Shout out please. TRUMP2024 SS |
Posted at 16/4/2024 19:51 by investingdad I think you made the same call even longer ago before that and then it rallied to 600p, but you don't mention that as often. Predicting is hard. But just to be clear the fall that you are predicting is more than the COVID crash. That's some statement. Especially in an election year when there will be an end of year rally based on the outcome.And if it does most people here will buy. I certainly will. A nice 9% yield from MRCH is worth putting a lot of money into. |
Posted at 16/4/2024 18:49 by investingdad SS showing up in times of global termoil and calling a 40% fall in MRCH. Somethings never change. |
Posted at 05/4/2024 13:38 by speedsgh @shalder - Here's your answer re the dividend XD date, now confirmed as XD 18 April...Dividend Declaration - |
Posted at 04/4/2024 07:58 by speedsgh Full year dividend increased to 28.4p (42 consecutive years of increases); fully covered by earnings with board focus on rebuilding revenue reserves used to support the dividend during Covid.Final dividend of 7.1p payable on 22 May... Final Results - Income In terms of the income generated by the underlying portfolio, it was a strong year with revenue earnings per ordinary share rising 6.3% to a record 30.5p (2023: 28.7p) as dividend income received by the trust has fully recovered from the impact of the pandemic. This meant the dividend declared for the year was fully covered by earnings, as well as allowing the board to add 1.8p per ordinary share to revenue reserves. I have written before about the importance of investment trusts being able to build revenue reserves in order to provide some protection against difficult times. This was amply demonstrated during COVID years when our revenue reserves built in good years enabled the board to maintain dividends to our shareholders even though dividend receipts from the Merchants portfolio of investments were weak. Now that dividend receipts from the portfolio have recovered the board thinks it important that we should build up reserves once again, as illustrated by the chart on page 6 of the Annual Report. At the end of the financial year, the revenue reserve stands at 18.1p per ordinary share. Dividend The board is pleased to propose a final dividend of 7.1p for shareholder approval at Merchants' upcoming AGM on 16 May 2024. Subject to that approval, that will mean a full year dividend of 28.4p (2023: 27.6p), a rise of 2.9%. The annualised growth rate of the dividend paid by the trust over 42 years stands at 6.4%, remaining well above the rate of inflation over that period which stands at 3.8% annually as measured by the Consumer Prices Index (CPI) despite the particularly high inflation numbers evident over the past two years. The company continues to pay a high dividend, representing a yield of some 5.2% at the period end. This remains well above the sector average (4.5%), placing it in the top-ten yielders in the sector. With 42 years of unbroken annual dividend rises, Merchants also retains its place on the Association of Investment Companies' (AIC) Dividend Hero list - those companies having managed to consistently raise their dividend for twenty years or more. |
Posted at 26/9/2023 16:46 by speedsgh EarningsAs noted above, we have continued to see an improvement in corporate earnings following the lows of the pandemic. Earnings per share (EPS) for the six months under review reached 17.4p (2022: 16.0p) which is now also comfortably above the pre-pandemic level of 16.1p for the equivalent period in 2019 (2020 financial year). Our investment manager necessarily remains somewhat cautious however on near-term earnings, given ongoing economic uncertainties and rising costs for businesses. That said, the impact of the pandemic upon UK company dividend distributions was so profound, with some cuts and rebasing proving more permanent, it is very pleasing to be back well above pre-pandemic levels. Dividends There are two pleasing effects from the positive earnings noted above. Firstly, it has given the board confidence to propose an increased dividend and, secondly, it allows us to continue rebuilding revenue reserves that were partially utilised in order to continue our strategy of paying a high and rising dividend to shareholders through the pandemic. Not all trusts are able to provide such income support and smoothing during tough times, which is why Merchants is one of only 20 companies to be awarded the AIC's coveted Dividend Hero status from a universe of well over 400 listed companies. The board has declared a second quarter dividend for the current financial year of 7.1p per ordinary share, payable on 10 November 2023 to shareholders on the register at close of business on 6 October 2023. A Dividend Reinvestment Plan ('DRIP') is available for this dividend for which the relevant Election Date is 20 October 2023 and the ex-dividend date is 5 October 2023. We are pleased to advise that for CREST-registered shareholders, dividend payments are enabled in CREST. This means that for the first half of the 2024 financial year, the aggregated dividend will be 14.2p compared with 13.7p for the same period last year, a 3.6% year-on-year rise. |
Posted at 18/7/2023 12:18 by ctrader3 MRCHIf u had bought 20 years ago the price was 240p 2009 the price was 230p 2020 the price was 305p. The dividend in 2003 was 17.6p a yield of around 7%, u have never earned less than 7% as the dividend has gently increased over the years. The earned dividends could either have been re-invested in MRCH or another high yielder. A win win situation if the share price falls from here u can re-invest at 7%, get rich slow. If the share price rises the the buying yield remains similar but the current yield will fall in tandem. U could re-invest in a tracker or whatever u wanted too. I prefer a dividend as even if my share choice is poor I still have dividends to re-invest. Today u could put the dividends risk free in a deposit account and wait for the market to crash or the bank rate is cut. |
Posted at 21/8/2022 23:50 by goldpiguk Hi Superiorshares,I really do not agree with your views about the dividend here. I am confident MRCH dividends will continue to grow, although not keeping pace with inflation over the next year or so. Many investors focus on the dividend payout and often complain when companies choose to return money to shareholders via share buybacks. Professional investors point out that companies like to do share buybacks when they believe their company shares are seriously undervalued by the market. Not only does MRCH pay out a high sustainable dividend, but many of the investments it holds are currently engaged in share buybacks. That augers well for dividend growth and capital appreciation. Just for fun, I have looked at the ten largest holdings as of 4th August 2022. By size of holding: 2.) BAT - currently buying back £2 billion, to be completed by 31/12/22. 3.) Imperial Brands - Announced that from 2023 will have more than £1 billion of post dividend free cash flow a year available for share buybacks. 4.) Shell - $6 billion share buyback in the current quarter. 5.) I G Group - $150 million share buyback, $75 million before January 21st, 2023. 9.) BP - $3.5 billion buyback in the current quarter. 10.) BAE systems - In July announced a £1.5 billion buyback over the next three years. Top Ten companies not mentioned above. 1.) GSK - Flagged well in advance the dividend would be cut after split into two companies. Currently weak due to worries over zantac litigation. 6.) Homeserve - Has now accepted £4.08 billion bid. Court approval is expected in Q.4. 7.) Rio Tinto - Although dividend has been slashed it still maintains a high payout. The cut is not a problem for MRCH. (It poses far greater problems for IT's like HFEL. See HFEL board.) 8.) Legal & General - A great company, high dividend and growth with strong dividend cover. With six of the top ten companies planning or engaged in share buybacks, one company in the process of being taken over, the MRCH portfolio looks well placed to reward long-term holders. Goldpig |
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