Share split for Mercantile
Share split for Mercantile – The board of Mercantile (MRC) are proposing a ten-for-one share split to help deal with the share price being so high. It makes investing in smaller amounts hard
2017 was a good year for the share price. Over the year to 31st January 2018, the Company produced a return on net assets of +25.5% against a return of +14.6% for the benchmark. The share price total return was also +25.5%.
The board plan to spread out dividend payments more evenly going forward, increasing the first three interim dividends to 12.5p (before the share split) from 10.50p. Revenue reserves stood at 54.3p per share after payment of the fourth interim dividend.
MRC : Share split for Mercantile