Albion Development VCT PLC (LON:AADV) Raises Dividend to GBX 3 Per Share

Albion Development VCT PLC (LON:AADV) announced a dividend on Tuesday, September 24th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 3rd will be given a dividend of GBX 3 ($0.04) per share on Friday, October 25th. This represents a dividend yield of 3.37%. The ex-dividend date is Thursday, October 3rd. This is a positive change from Albion Development VCT’s previous dividend of $2.40. The official announcement can be accessed at this link.

Albion Development VCT Price Performance

Shares of Albion Development VCT stock opened at GBX 87.50 ($1.17) on Thursday. The company’s 50 day moving average price is GBX 88.19 and its two-hundred day moving average price is GBX 86.52. The firm has a market capitalization of £129.58 million, a P/E ratio of 2,262.50 and a beta of 0.04. Albion Development VCT has a fifty-two week low of GBX 82 ($1.10) and a fifty-two week high of GBX 92.50 ($1.24).

Albion Development VCT Company Profile

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.