Merchants Trust beats benchmark with 18.7% annual return

Archived article

Please note that tax, investment, pension and ISA rules can change and the information and any views contained in this article may now be inaccurate.

Equities investor Merchants Trust reported a positive annual return that beat its benchmark, while pledging to pay its final quarterly dividend as planned.

The company's net asset value total return per share for the year through January rose 18.7%, compared to a 10.7% benchmark return.

Merchants Trust declared a fourth quarterly dividend of 6.8p per share, to be paid on 29 May, bringing total dividends for the year to 27.1p, up 4.2% on-year.

The company's top five holdings at the end of January were GlaxoSmithKline, Shell, BAE Systems, Imperial Brands and Barclays.

At 9:16am: (LON:MRCH) Merchants Trust Plc the share price was -8.25p at 364.25p