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 £7.45
• Mercantile Investment Trust's trailing twelve-month (TTM) dividend yield is 3.27%
• Mercantile Investment Trust's payout ratio for the trailing twelve months (TTM) is 8.94%
• Mercantile Investment Trust's dividend growth over the last five years (2018-2023) was -21.66% year
• Mercantile Investment Trust's dividend growth over the last ten years (2013-2023) was -15.47% year
Mercantile Investment Trust Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-26 | £1.50 | quarterly | 2024-11-01 |
2024-06-20 | £1.50 | quarterly | 2024-08-01 |
2024-04-11 | £3.30 | quarterly | 2024-05-16 |
2023-12-21 | £1.45 | quarterly | 2024-02-01 |
2023-09-28 | £1.45 | quarterly | 2023-11-01 |
2023-06-22 | £1.45 | quarterly | 2023-08-01 |
2023-04-06 | £3.10 | quarterly | 2023-05-11 |
2022-12-22 | £1.35 | quarterly | 2023-02-01 |
2022-09-29 | £1.35 | quarterly | 2022-11-01 |
2022-06-23 | £1.35 | quarterly | 2022-08-01 |
2022-03-31 | £2.85 | quarterly | 2022-05-03 |
2021-12-23 | £1.35 | quarterly | 2022-02-01 |
2021-09-23 | £1.35 | quarterly | 2021-11-01 |
2021-06-24 | £1.35 | quarterly | 2021-08-02 |
2021-03-25 | £2.65 | quarterly | 2021-04-30 |
2020-12-17 | £1.35 | quarterly | 2021-02-01 |
2020-09-24 | £1.35 | quarterly | 2020-11-02 |
2020-06-25 | £1.35 | quarterly | 2020-08-03 |
2020-04-09 | £2.55 | quarterly | 2020-05-15 |
2019-12-19 | £1.35 | quarterly | 2020-02-03 |
2019-09-26 | £1.35 | quarterly | 2019-11-01 |
2019-06-20 | £1.35 | quarterly | 2019-08-01 |
2019-04-04 | £2.55 | quarterly | 2019-05-08 |
2018-12-20 | £1.25 | quarterly | 2019-02-01 |
2018-09-27 | £1.25 | quarterly | 2018-11-01 |
2018-06-21 | £1.25 | quarterly | 2018-08-01 |
2018-04-12 | £21.50 | quarterly | 2018-05-09 |
2017-12-14 | £10.50 | quarterly | 2018-02-01 |
2017-09-28 | £10.50 | quarterly | 2017-11-01 |
2017-06-22 | £10.50 | quarterly | 2017-08-01 |
2017-04-06 | £15.25 | quarterly | 2017-05-02 |
2016-12-15 | £10.25 | quarterly | 2017-02-01 |
2016-10-06 | £10.25 | quarterly | 2016-11-01 |
2016-06-23 | £10.25 | quarterly | 2016-08-01 |
2016-04-07 | £13.00 | quarterly | 2016-05-03 |
2015-12-17 | £11.11 | quarterly | 2016-02-01 |
2015-10-01 | £10.00 | quarterly | 2015-11-02 |
2015-06-25 | £11.11 | quarterly | 2015-07-31 |
2015-04-02 | £18.89 | quarterly | 2015-05-01 |
2014-12-29 | £8.89 | quarterly | 2015-02-02 |
2014-10-01 | £8.89 | quarterly | 2014-10-31 |
2014-06-18 | £8.89 | quarterly | 2014-08-01 |
2014-04-02 | £17.78 | quarterly | 2014-05-01 |
2013-12-31 | £8.00 | quarterly | 2014-01-31 |
2013-06-26 | £8.00 | quarterly | 2013-08-01 |
2013-03-27 | £18.00 | quarterly | 2013-05-01 |
2013-01-02 | £6.00 | quarterly | 2013-02-01 |
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 3.27%. Interested in purchasing Mercantile Investment Trust stock? Use our calculator to estimate your expected dividend yield:
Mercantile Investment Trust Financial Ratios
Mercantile Investment Trust Dividend FAQ
Other factors to consider when evaluating Mercantile Investment Trust as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Mercantile Investment Trust's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Mercantile Investment Trust publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Mercantile Investment Trust distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Mercantile Investment Trust are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Mercantile Investment Trust sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Mercantile Investment Trust distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Mercantile Investment Trust declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Mercantile Investment Trust's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Mercantile Investment Trust's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.