Diverse Income Trust (LON:DIVI) to Issue Dividend Increase – GBX 1.05 Per Share

Diverse Income Trust (LON:DIVI) declared a dividend on Tuesday, February 11th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 1.05 ($0.01) per share on Friday, May 30th. This represents a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 5.0% increase from Diverse Income Trust’s previous dividend of $1.00. The official announcement can be accessed at this link.

Diverse Income Trust Price Performance

Shares of LON:DIVI remained flat at GBX 91 ($1.18) on Tuesday. 574,689 shares of the stock traded hands, compared to its average volume of 584,800. The firm’s 50 day moving average price is GBX 92.50 and its 200 day moving average price is GBX 91.69. Diverse Income Trust has a one year low of GBX 83 ($1.08) and a one year high of GBX 95.80 ($1.24). The stock has a market capitalization of £214.68 million and a price-to-earnings ratio of -505.56.

Diverse Income Trust (LON:DIVI) last issued its earnings results on Tuesday, February 11th. The company reported GBX 2.63 ($0.03) earnings per share for the quarter.

Diverse Income Trust Company Profile

The Company aims to provide shareholders with an attractive and growing level of dividends coupled with capital growth over the long term.

The Company invests primarily in quoted or traded UK companies with a wide range of market capitalisations, but a long-term bias toward small and mid-cap equities.