Albion Development VCT PLC (LON:AADV) to Issue Dividend of GBX 2.40

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 a boost from Albion Development VCT’s previous dividend of $2.22. The official announcement can be seen at this link.

Albion Development VCT Stock Performance

Shares of AADV stock opened at GBX 91 ($1.20) on Friday. Albion Development VCT has a fifty-two week low of GBX 82 ($1.08) and a fifty-two week high of GBX 92.50 ($1.22). The firm has a market capitalization of £134.76 million, a price-to-earnings ratio of 2,275.00 and a beta of 0.03. The stock’s 50-day simple moving average is GBX 87.17 and its 200-day simple moving average is GBX 86.03.

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.