Stock data
| Market cap. | £377.8m |
| Last close | 366.00p |
| High / Low (52 weeks) | 431.8p / 341.5p |
| Stock market listing | LSE |
| Forecast net debt (m) | N/A |
| Forecast gearing ratio (%) | N/A |
| Team | Investment Companies & Trusts |
| Sector | Investment Trusts |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (1.48) | (4.86) | (13.48) |
| Relative * | 3.36 | 2.95 | (4.91) |
* % Relative to local index
Other companies covered in sector
Latest research
30 successive years of dividend growth
Review | Investment Trusts | 03/04/2012
Quarterly income and a 6.2% yield
Review | Investment Trusts | 03/10/2011
29 years of dividend growth
Review | Investment Trusts | 07/04/2011
Quarterly income, with a 6.0% yield
Review | Investment Trusts | 24/09/2010
Quarterly income, defensively positioned with a 6.2% yield
Review | Investment Trusts | 08/04/2010
Regular income, with a strong 6.8% yield and growth prospects
Review | Investment Trusts | 08/12/2009
A reliable source of regular income at a compelling yield
Update | Investment Trusts | 17/04/2009
Robust 5.2% yield with cautious investment approach
Update | Investment Companies | 16/06/2008
4% yield but far from a tracker!
Investment Trust Review - Performance update | Investment Companies | 23/11/2007
FTSE focused
Investment Trust Review - Initiation of coverage | Investment Companies | 10/07/2007
Investment summary
The Merchants Trust (MRCH) has again increased its total year-on-year dividend, reaching the 30th year of providing investors with uninterrupted dividend growth. The underlying portfolio beat the FTSE 100, in total return terms for the year ended 31 January, by 1.5% (the FTSE 100 rose by 0.4%). Gearing subtracted 0.9% from performance, but an expensive tranche of debt, currently valued above par, expires in 2018. The trust pays quarterly dividends, is managed using a value-driven investment style and remains defensively positioned.
Last updated on 03/04/2012
Key management
| Simon Fraser, Chairman |
| Simon Gergel, Fund manager |
Company address
| 155 Bishopsgate London EC2M 3AD United Kingdom 020 7065 1431 View website |
