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The Mercantile Investment Trust plc is an open ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of the United Kingdoms. The fund spreads its investments across diversified sectors. It invests in the stocks of mid and small cap companies. The fund benchmarks the performance of its portfolio against the FTSE All Share (ex FTSE 100, ex Inv Companies) Index. It was formerly known as JP Morgan Fleming Mercantile Investment Trust plc. The Mercantile Investment Trust plc was formed in December 1884 and is domiciled in the United Kingdoms.

Mercantile Investment Trust Dividend Announcement

Mercantile Investment Trust announced a quarterly dividend of £1.50 per ordinary share which will be made payable on 2024-11-01. Ex dividend date: 2024-09-26
Mercantile Investment Trust annual dividend for 2024 was £6.30
Mercantile Investment Trust annual dividend for 2023 was £6.00
Mercantile Investment Trust's trailing twelve-month (TTM) dividend yield is 2.65%
Mercantile Investment Trust's payout ratio for the trailing twelve months (TTM) is 8.83%
Mercantile Investment Trust's dividend growth over the last five years (2018-2023) was -24.98% year
Mercantile Investment Trust's dividend growth over the last ten years (2013-2023) was -17.28% year

Mercantile Investment Trust Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-26£1.50quarterly2024-11-01
2024-06-20£1.50quarterly2024-08-01
2024-04-11£3.30quarterly
2023-09-28£1.45quarterly
2023-06-22£1.45quarterly
2023-04-06£3.10quarterly
2022-12-22£1.35quarterly2023-02-01
2022-09-29£1.35quarterly2022-11-01
2022-06-23£1.35quarterly2022-08-01
2022-03-31£2.85quarterly2022-05-03
2021-12-23£1.35quarterly2022-02-01
2021-09-23£1.35quarterly2021-11-01
2021-06-24£1.35quarterly2021-08-02
2021-03-25£2.65quarterly2021-04-30
2020-12-17£1.35quarterly2021-02-01
2020-09-24£1.35quarterly2020-11-02
2020-06-25£1.35quarterly2020-08-03
2020-04-09£2.55quarterly2020-05-15
2019-12-19£1.35quarterly2020-02-03
2019-09-26£1.35quarterly2019-11-01
2019-06-20£1.35quarterly2019-08-01
2019-04-04£2.55quarterly2019-05-08
2018-12-20£1.25quarterly2019-02-01
2018-09-27£1.25quarterly2018-11-01
2018-06-21£1.25quarterly2018-08-01
2018-04-12£21.50quarterly2018-05-09
2017-12-14£10.50quarterly2018-02-01
2017-09-28£10.50quarterly2017-11-01
2017-06-22£10.50quarterly2017-08-01
2017-04-06£15.25quarterly2017-05-02
2016-12-15£10.25quarterly2017-02-01
2016-10-06£10.25quarterly2016-11-01
2016-06-23£10.25quarterly2016-08-01
2016-04-07£13.00quarterly2016-05-03
2015-12-17£10.00quarterly2016-02-01
2015-10-01£10.00quarterly2015-11-02
2015-06-25£10.00quarterly2015-07-31
2015-04-02£17.00quarterly2015-05-01
2014-12-29£8.00quarterly2015-02-02
2014-10-01£8.00quarterly2014-10-31
2014-06-18£8.00quarterly2014-08-01
2014-04-02£16.00quarterly2014-05-01
2013-12-31£8.00quarterly2014-01-31
2013-06-26£8.00quarterly2013-08-01
2013-03-27£18.00quarterly2013-05-01
2013-01-02£6.00quarterly2013-02-01

Mercantile Investment Trust Dividend per year

Mercantile Investment Trust Dividend growth

Mercantile Investment Trust Dividend Yield

Mercantile Investment Trust current trailing twelve-month (TTM) dividend yield is 2.65%. Interested in purchasing Mercantile Investment Trust stock? Use our calculator to estimate your expected dividend yield:

Mercantile Investment Trust Financial Ratios

P/E ratio2.15
PEG ratio1.69
P/B ratio1.00
ROE47.18%
Payout ratio8.83%
Current ratio5.04
Quick ratio5.04
Cash Ratio4.65

Mercantile Investment Trust Dividend FAQ

Does Mercantile Investment Trust stock pay dividends?
Mercantile Investment Trust does not currently pay dividends to its shareholders.
Has Mercantile Investment Trust ever paid a dividend?
No, Mercantile Investment Trust has no a history of paying dividends to its shareholders. Mercantile Investment Trust is not known for its dividend payments.
Why doesn't Mercantile Investment Trust pay dividends?
There are several potential reasons why Mercantile Investment Trust would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Mercantile Investment Trust ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Mercantile Investment Trust has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Mercantile Investment Trust a dividend aristocrat?
Mercantile Investment Trust is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Mercantile Investment Trust a dividend king?
Mercantile Investment Trust is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Mercantile Investment Trust a dividend stock?
No, Mercantile Investment Trust is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Mercantile Investment Trust stocks?
To buy Mercantile Investment Trust you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Mercantile Investment Trust stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.