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Annual Results

Mercantile IT returns down, declares 15.25p Q4 divi

06 April 2017 13:21

The Mercantile Investment Trust has reported that, over the year to 31st January 2017, the Company returned 6.1% against 12.5% for the benchmark, which it said was due to being positioned wrongly for the outcome of the EU referendum.

The share price total return was 4.3%.

Earnings per share increased to 53.2p from 51.5p last year.

In addition, the Company confirmed the payment of three interim dividends of 10.25p per share over the year and declared a fourth quarterly interim dividend of 15.25p, which represents an increase of 7% year-on-year.

At 1:21pm: (LON:MRC) Mercantile Inv Tst share price was -19p at 1817p

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