Develop North (LON:DVNO) Releases Quarterly Earnings Results

Develop North (LON:DVNO) released its quarterly earnings data on Wednesday. The company reported GBX 5 ($0.07) earnings per share for the quarter, Digital Look Earnings reports. Develop North had a return on equity of 4.24% and a net margin of 59.58%.

Develop North Stock Performance

Develop North stock remained flat at GBX 78 ($1.01) during midday trading on Wednesday. The company has a 50 day simple moving average of GBX 74.82 and a 200 day simple moving average of GBX 76.43. The stock has a market cap of £19.57 million, a price-to-earnings ratio of 23.12 and a beta of 0.16. Develop North has a one year low of GBX 68 ($0.88) and a one year high of GBX 86 ($1.12).

Develop North Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.28%. The ex-dividend date is Thursday, March 20th. Develop North’s dividend payout ratio (DPR) is presently 118.54%.

About Develop North

Develop North PLC, an investment company, provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. The company also invests in financial assets comprising loans. It makes investments primarily through senior secured loans; and other loans, such as bridging loans, selected loan financings, subordinated loans, and other debt instruments.