Albion Development VCT PLC (LON:AADV) to Issue Dividend Increase – GBX 2.40 Per Share

Albion Development VCT PLC (LON:AADV) announced a dividend on Wednesday, September 4th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 2.40 ($0.03) per share on Monday, September 30th. This represents a yield of 2.64%. The ex-dividend date of this dividend is Thursday, September 12th. This is an increase from Albion Development VCT’s previous dividend of $2.22. The official announcement can be viewed at this link.

Albion Development VCT Stock Up 1.6 %

LON:AADV traded up GBX 1.50 ($0.02) during trading hours on Wednesday, hitting GBX 92.50 ($1.21). 51,587 shares of the stock traded hands, compared to its average volume of 57,269. The stock has a 50 day moving average price of GBX 87.62 and a 200 day moving average price of GBX 86.18. The company has a market cap of £136.98 million, a price-to-earnings ratio of 2,237.50 and a beta of 0.03. Albion Development VCT has a 1 year low of GBX 82 ($1.07) and a 1 year high of GBX 92.50 ($1.21).

About Albion Development VCT

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.