Develop North (LON:DVNO) Declares Dividend of GBX 1

Develop North (LON:DVNO) announced a dividend on Friday, May 31st, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 13th will be paid a dividend of GBX 1 ($0.01) per share on Friday, June 28th. This represents a dividend yield of 1.28%. The ex-dividend date is Thursday, June 13th. The official announcement can be accessed at this link.

Develop North Stock Down 10.3 %

Shares of Develop North stock opened at GBX 70 ($0.89) on Tuesday. The firm has a market cap of £17.49 million, a price-to-earnings ratio of 7,000.00 and a beta of 0.16. The company has a debt-to-equity ratio of 13.50, a current ratio of 93.57 and a quick ratio of 6.87. Develop North has a 52-week low of GBX 68 ($0.87) and a 52-week high of GBX 88 ($1.12). The stock has a 50-day simple moving average of GBX 76.31 and a 200-day simple moving average of GBX 78.03.

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.