Albion Development VCT PLC (LON:AADV) Plans Dividend Increase – GBX 3 Per Share

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

Albion Development VCT Price Performance

Shares of LON AADV opened at GBX 90.50 ($1.21) on Wednesday. Albion Development VCT has a 1 year low of GBX 82 ($1.10) and a 1 year high of GBX 92.50 ($1.24). The stock has a market capitalization of £134.02 million, a P/E ratio of 2,262.50 and a beta of 0.04. The company’s 50-day moving average is GBX 88.37 and its 200 day moving average is GBX 86.58.

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.