The Merchants Trust (MRCH)

Business description

MRCH’s investment objective is to provide an above-average level of income and income growth, together with long-term growth of capital through investing mainly in higher-yielding UK FTSE 100 companies. The benchmark index is the FTSE 100 index.

Stock data

Market cap.£516.5m
Last close475.00p
High / Low (52 weeks)493.0p / 431.0p
Stock market listingLN
Forecast net debt (m)N/A
Forecast gearing ratio (%)N/A
TeamInvestment Companies
SectorInvestment Companies

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Company news

The Merchants Trust PLC – May 2017

Fri, 26 May 2017 14:47:39 GMT

Edison review on The Merchants Trust

Thu, 17 Dec 2015 15:00:00 GMT

Which investment trusts have the best inflation-beating dividends?

Thu, 21 May 2015 09:33:45 GMT

Merchants Trust - a volatile year for UK equities

Fri, 31 Mar 2017 08:37:35 GMT

How to avoid being tricked by high dividend yields

Fri, 09 Jun 2017 15:00:00 GMT

Investment summary

The Merchants Trust (MRCH) adopts a long-term approach to investing in UK equities, aiming to generate an above-average level of income along with long-term capital and income growth. The trust has announced a refinancing of its first tranche of high-cost debt, which will bring its effective cost of borrowing down from 8.5% to 6.1%, saving £2.8m in annual interest costs and locking in low-cost funding for the next 35 years. The board adopts a progressive dividend policy; annual dividends have increased for the last 35 consecutive years and the current 5.0% yield compares favourably with the average of MRCH’s peers in the AIC UK Equity Income sector.

Last updated on 03/11/2017

Latest video

Executive Interview - The Merchants Trust

Key management

Simon Fraser, Chairman
Simon Gergel, Fund manager

Company address

155 Bishopsgate
London
EC2M 3AD
United Kingdom
020 7065 1431
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