Albion Development VCT (LON:AADV) Trading 1.7% Higher – Here’s Why

Shares of Albion Development VCT PLC (LON:AADV) were up 1.7% during trading on Tuesday . The stock traded as high as GBX 87.50 ($1.13) and last traded at GBX 87.50 ($1.13). Approximately 790 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 59,435 shares. The stock had previously closed at GBX 86 ($1.12).

Albion Development VCT Price Performance

The stock’s 50 day simple moving average is GBX 88.33 and its two-hundred day simple moving average is GBX 86.60. The stock has a market capitalization of £127.87 million, a PE ratio of 955.56 and a beta of 0.04.

Albion Development VCT Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd were issued a dividend of GBX 3 ($0.04) per share. This represents a yield of 3.37%. This is a positive change from Albion Development VCT’s previous dividend of $2.40. The ex-dividend date was Thursday, October 3rd. Albion Development VCT’s dividend payout ratio is 5,555.56%.

About Albion Development VCT

Albion Development VCT PLC is a venture capital trust specialized investments in early stage and growth stage investments. The fund provides equity and debt finance to growing unquoted companies across various sectors. The fund invests in technology-orientated companies, service and asset-backed businesses software and computer services, fintech and medical technology sectors.