Albion Development VCT (LON:AADV) Sets New 12-Month High at $92.50

Albion Development VCT PLC (LON:AADV)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 92.50 ($1.21) and last traded at GBX 92.50 ($1.21), with a volume of 51587 shares. The stock had previously closed at GBX 91 ($1.19).

Albion Development VCT Trading Up 1.6 %

The company has a 50-day moving average price of GBX 87.62 and a two-hundred day moving average price of GBX 86.18. The stock has a market cap of £136.98 million, a P/E ratio of 2,237.50 and a beta of 0.03.

Albion Development VCT Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be given a dividend of GBX 2.40 ($0.03) per share. This is a boost from Albion Development VCT’s previous dividend of $2.22. The ex-dividend date of this dividend is Thursday, September 12th. This represents a yield of 2.64%. Albion Development VCT’s payout ratio is 12,500.00%.

Albion Development VCT Company Profile

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.