Albion Development VCT PLC (LON:AADV) to Issue Dividend of GBX 3

Albion Development VCT PLC (LON:AADV) announced a dividend on Tuesday, September 24th, Upcoming.Co.Uk reports. Shareholders 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 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 LON AADV traded down GBX 1.50 ($0.02) during mid-day trading on Tuesday, reaching GBX 87.50 ($1.17). The company’s stock had a trading volume of 2,204 shares, compared to its average volume of 54,519. Albion Development VCT has a 52 week low of GBX 82 ($1.10) and a 52 week high of GBX 92.50 ($1.24). The stock has a fifty day moving average of GBX 88.09 and a two-hundred day moving average of GBX 86.47. The firm has a market capitalization of £129.58 million, a PE ratio of 2,187.50 and a beta of 0.04.

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.