Albion Development VCT plc (LON:AADV) Declares Dividend of GBX 2.06

Albion Development VCT plc (LON:AADV) announced a dividend on Friday, March 26th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 6th will be paid a dividend of GBX 2.06 ($0.03) per share on Friday, May 28th. This represents a yield of 2.64%. The ex-dividend date is Thursday, May 6th. This is a boost from Albion Development VCT’s previous dividend of $1.99. The official announcement can be accessed at this link.

Shares of LON:AADV opened at GBX 78.50 ($1.03) on Tuesday. The company has a market cap of £81.00 million and a price-to-earnings ratio of -49.06. Albion Development VCT has a fifty-two week low of GBX 69.50 ($0.91) and a fifty-two week high of GBX 80.50 ($1.05). The firm’s 50-day simple moving average is GBX 78.23 and its 200-day simple moving average is GBX 75.35.

In other news, insider Patrick Reeve bought 6,002 shares of the business’s stock in a transaction on Friday, February 26th. The stock was purchased at an average cost of GBX 83 ($1.08) per share, for a total transaction of £4,981.66 ($6,508.57).

About Albion Development VCT

Albion Development VCT PLC is a venture capital trust which provides equity and debt finance to growing unquoted companies across various sectors. It does not invest in companies that deal in property or shares and securities, insurance, banking, agriculture, and operating or managing hotels or residential care homes.

See Also: Special Dividends

Dividend History for Albion Development VCT (LON:AADV)

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