Volta Finance (LON:VTA) Sets New 1-Year High – Here’s What Happened

Volta Finance Limited (LON:VTA) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 6.34 ($0.08) and last traded at GBX 6.34 ($0.08), with a volume of 42886 shares traded. The stock had previously closed at GBX 6.15 ($0.08).

Volta Finance Stock Performance

The firm has a market capitalization of £2.32 million, a price-to-earnings ratio of 0.07 and a beta of 0.87. The company has a debt-to-equity ratio of 0.18, a current ratio of 19.19 and a quick ratio of 15.15. The firm’s fifty day moving average is GBX 6.02 and its 200 day moving average is GBX 5.56.

Volta Finance Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, January 16th. Shareholders of record on Thursday, December 12th were paid a €0.15 ($0.16) dividend. The ex-dividend date was Thursday, December 12th. This represents a yield of 2.63%. This is an increase from Volta Finance’s previous dividend of $0.15. Volta Finance’s payout ratio is 0.67%.

About Volta Finance

Volta Finance Limited (the “Company” or “Volta”) is a closed-ended limited liability company registered in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered number 45747.

Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.