Magellan Global Trust (ASX:MGG) Declares Final Dividend of $0.03

Magellan Global Trust (ASX:MGG) announced a final dividend on Monday, June 29th, MarketIndexAU reports. Stockholders of record on Tuesday, July 28th will be given a dividend of 0.034 per share on Tuesday, July 28th. This represents a dividend yield of 2.01%. The ex-dividend date of this dividend is Wednesday, July 1st. This is a boost from Magellan Global Trust’s previous final dividend of $0.03.

MGG stock opened at A$1.75 ($1.20) on Tuesday. Magellan Global Trust has a twelve month low of A$1.12 ($0.76) and a twelve month high of A$2.18 ($1.49). The company has a market capitalization of $2.17 billion and a P/E ratio of 4.14. The business has a 50 day simple moving average of A$1.75 and a 200-day simple moving average of A$1.89.

Magellan Global Trust Company Profile

Magellan Global Trust is a closed-ended equity mutual fund launched and managed by Magellan Asset Management Limited. The fund invests in the public equity markets across the globe. It invests in stocks of companies operating across diversified sectors. The fund invests in value stocks of companies. It invests in stocks of companies across diversified market capitalizations.

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