Foresight VCT (LON:FTV) Posts Quarterly Earnings Results

Foresight VCT (LON:FTV) posted its earnings results on Wednesday. The company reported GBX 0.70 ($0.01) earnings per share for the quarter, Digital Look Earnings reports. Foresight VCT had a net margin of 75.85% and a return on equity of 10.05%.

Foresight VCT Stock Performance

FTV opened at GBX 68 ($0.90) on Thursday. Foresight VCT has a 52-week low of GBX 67.50 ($0.89) and a 52-week high of GBX 84 ($1.11). The stock has a market capitalization of £204.25 million, a PE ratio of 8.30 and a beta of 0.04. The stock’s 50 day moving average price is GBX 74.39 and its 200-day moving average price is GBX 73.70.

Foresight VCT Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, June 10th. Stockholders of record on Thursday, May 15th will be paid a dividend of GBX 6.40 ($0.08) per share. This represents a dividend yield of 8.59%. The ex-dividend date of this dividend is Thursday, May 15th. This is a positive change from Foresight VCT’s previous dividend of $4.40. Foresight VCT’s dividend payout ratio is 48.81%.

Foresight VCT Company Profile

Foresight VCT Plc is a private equity and buyouts firm, venture capital trust and managed by Foresight Group. This fund invests in SME, later stage growth capital opportunities across a range of sectors. It engages in investments in unquoted or AIM-listed companies in the United Kingdom. It invests in technology companies in United Kingdom.