Manchester & London (LON:MNL) Plans GBX 7 Dividend

Manchester & London (LON:MNL) declared a dividend on Friday, May 24th, Upcoming.Co.Uk reports. Investors of record on Thursday, July 4th will be paid a dividend of GBX 7 ($0.09) per share by the investment trust on Thursday, August 1st. This represents a yield of 1.03%. The ex-dividend date is Thursday, July 4th. The official announcement can be viewed at this link.

Manchester & London Stock Performance

Shares of MNL stock traded down GBX 14 ($0.18) during mid-day trading on Friday, reaching GBX 682 ($8.67). 24,665 shares of the company’s stock traded hands, compared to its average volume of 63,078. The firm has a market capitalization of £274.10 million, a PE ratio of 263.32 and a beta of 0.45. The firm has a 50 day moving average price of GBX 642.40 and a two-hundred day moving average price of GBX 590.45. Manchester & London has a 12 month low of GBX 409 ($5.20) and a 12 month high of GBX 696 ($8.85).

Insider Buying and Selling

In related news, insider Daren John Morris sold 6,000 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of GBX 663 ($8.43), for a total transaction of £39,780 ($50,559.23). 1.95% of the stock is currently owned by insiders.

About Manchester & London

Manchester & London Investment Trust plc is a close-ended fund launched and managed by M&L Capital Management Limited. The fund primarily invests in the public equity markets of the United Kingdom. It makes its investments across diversified sectors. The fund primarily invests in growth stocks of companies by employing a fundamental analysis.