Maven Income and Growth VCT 3 (LON:MIG3) Issues Quarterly Earnings Results

Maven Income and Growth VCT 3 (LON:MIG3) released its quarterly earnings results on Tuesday. The company reported GBX 0.49 ($0.01) EPS for the quarter, Digital Look Earnings reports. Maven Income and Growth VCT 3 had a net margin of 26.21% and a return on equity of 1.12%.

Maven Income and Growth VCT 3 Stock Performance

MIG3 stock opened at GBX 49 ($0.64) on Thursday. The firm has a market cap of £61.08 million, a PE ratio of 83.81 and a beta of 0.13. The firm’s fifty day moving average is GBX 48.33 and its 200 day moving average is GBX 48.94. Maven Income and Growth VCT 3 has a one year low of GBX 46 ($0.60) and a one year high of GBX 51 ($0.66).

Maven Income and Growth VCT 3 Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 9th. Investors of record on Thursday, March 27th will be given a dividend of GBX 2.15 ($0.03) per share. This represents a yield of 4.39%. The ex-dividend date is Thursday, March 27th. This is a positive change from Maven Income and Growth VCT 3’s previous dividend of $1.00. Maven Income and Growth VCT 3’s dividend payout ratio (DPR) is currently 513.12%.

About Maven Income and Growth VCT 3

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential.