Manchester & London (MNL) to Issue Dividend of GBX 14 on May 8th

Manchester & London (LON:MNL) announced a dividend on Wednesday, March 19th, DividendData.Co.Uk reports. Stockholders of record on Thursday, April 10th will be paid a dividend of GBX 14 ($0.18) per share by the investment trust on Thursday, May 8th. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, April 10th. This is a 100.0% increase from Manchester & London’s previous dividend of $7.00. The official announcement can be viewed at this link.

Manchester & London Stock Performance

Shares of MNL opened at GBX 646.20 ($8.38) on Friday. The company has a 50 day moving average price of GBX 721.84 and a 200-day moving average price of GBX 708.50. Manchester & London has a fifty-two week low of GBX 572 ($7.42) and a fifty-two week high of GBX 850 ($11.02). The stock has a market capitalization of £257.34 million, a PE ratio of 2.15 and a beta of 0.42.

Manchester & London (LON:MNL) last posted its earnings results on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) EPS for the quarter. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Insider Activity at Manchester & London

In related news, insider Daren John Morris purchased 4,925 shares of the firm’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of GBX 751 ($9.74) per share, with a total value of £36,986.75 ($47,960.00). 2.09% of the stock is currently owned by corporate insiders.

About Manchester & London

Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.

Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine.