Albion Development VCT (LON:AADV) Shares Down 2.9% – What’s Next?

Shares of Albion Development VCT PLC (LON:AADV) were down 2.9% during mid-day trading on Wednesday . The company traded as low as GBX 83.50 ($1.06) and last traded at GBX 83.50 ($1.06). Approximately 5,834 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 57,441 shares. The stock had previously closed at GBX 86 ($1.09).

Albion Development VCT Stock Performance

The business’s 50 day moving average price is GBX 86.66 and its 200-day moving average price is GBX 86.55. The company has a market cap of £126.39 million, a price-to-earnings ratio of 927.78 and a beta of 0.04.

Albion Development VCT Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, October 3rd were paid a dividend of GBX 3 ($0.04) per share. This is a boost from Albion Development VCT’s previous dividend of $2.40. The ex-dividend date was Thursday, October 3rd. This represents a yield of 3.37%. Albion Development VCT’s dividend payout ratio (DPR) is currently 5,555.56%.

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.