Dividends

38 Consecutive Years of Dividend Growth

Although past performance is no guide to the future, Merchants has paid rising dividends to its shareholders for 38 consecutive years. It is one of the Association of Investment Companies’ Dividend Heroes – an elite list of investment trusts that have increased their dividends for 20 years or more. So, Merchants could be an attractive proposition for investors planning for retirement, looking to increase their savings or simply wanting to supplement their income. Please remember, however, that a ranking, a rating or an award provides no indicator of future performance and is not constant over time.

A Dividend Hero

A Dividend Hero

The Association of Investment Companies (AIC) has released the latest list of dividend heroes – those investment companies that have increased their dividends each year for 20 years or more.

Merchants has been highlighted as having increased its dividend year on year for 38 consecutive years.

A ranking, a rating or an award provides no indicator of future performance and is not constant over time.

Last Four Dividend Payments per Share

Record datePayment dateValueLabel
10.07.202019.08.20206.80p1st Quarterly
24.04.202029.05.20206.80p4th Quarterly
31.01.202011.03.20206.80p3rd Quarterly
04.10.201912.11.20196.80p2nd Quarterly

Past performance is not a reliable indicator of future results.

Dividend history (pence per share)

Past performance is not a reliable indicator of future results.

Dividend Calculator

0.0680 Latest Dividend per Share (£)
19.08.2020Payment date

How much is my dividend worth?

Enter the number of shares you own below to calculate the value of the Trust’s latest quarterly dividend.

0.00
Dividend distribution (£)

Discrete 12 Month Returns to 31 October (%)

2020 2019 2018 2017 2016
Share Price-26.79.03.321.51.1
NAV (debt at fair value)-24.76.2-2.115.59.3
Benchmark-18.66.8-1.513.113.7

Source: Thomson Reuters DataStream, percentage growth, mid to mid, total return as at 31.10.2020.1

1Past performance is not a reliable indicator of future returns. You should not make any assumptions on the future on the basis of performance information. The value of an investment and the income from it can fall as well as rise as a result of market fluctuations and you may not get back the amount originally invested.This investment trust charges 65% of its annual management fee to the capital account and 35% to revenue. This could lead to a higher level of income but capital growth will be constrained as a result.

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© Allianz Global Investors GmbH 2020, Registered Office: Frankfurt am Main, Register: HRB 9340, Local court: Frankfurt am Main. All Rights Reserved. The Merchants Trust PLC is incorporated in England and Wales. (Company registration no. 28276). Registered Office: 199 Bishopsgate, London, EC2M 3TY. The Company is a member of the Association of Investment Companies - Category: UK Equity Income.