Value and Income Trust plc (LON:VIN) announced a dividend on Tuesday, October 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, March 28th will be given a dividend of GBX 2.80 ($0.04) per share on Friday, April 26th. This represents a yield of 1.08%. The ex-dividend date is Thursday, March 28th. The official announcement can be seen at this link.
VIN traded up GBX 6.50 ($0.08) during midday trading on Tuesday, hitting GBX 260 ($3.40). The company had a trading volume of 21,592 shares, compared to its average volume of 28,116. Value and Income Trust has a 52 week low of GBX 244.47 ($3.19) and a 52 week high of GBX 296 ($3.87).
In related news, insider Matthew A. Oakeshott purchased 75,000 shares of the firm’s stock in a transaction on Friday, August 24th. The stock was purchased at an average cost of GBX 267 ($3.49) per share, with a total value of £200,250 ($261,662.09). Also, insider Matthew A. Oakeshott purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, August 21st. The stock was bought at an average cost of GBX 266 ($3.48) per share, with a total value of £133,000 ($173,788.06).
Value and Income Trust plc is a closed-ended equity mutual fund launched by Value & Income Services Limited. The fund is co-managed by OLIM Ltd. and OLIM Property Limited. It invests in the public equity markets of the United Kingdom. The fund also invests in convertible securities. It seeks to invest in stocks of companies operating across diversified sectors.
Further Reading: What is a Leveraged Buyout (LBO)?
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