Albion Development VCT (LON:AADV) Trading Down 2.9% – What’s Next?

Albion Development VCT PLC (LON:AADV)’s share price was down 2.9% during trading on Wednesday . The stock traded as low as GBX 83.50 ($1.06) and last traded at GBX 83.50 ($1.06). Approximately 5,834 shares changed hands during trading, a decline of 90% from the average daily volume of 57,441 shares. The stock had previously closed at GBX 86 ($1.09).

Albion Development VCT Price Performance

The firm has a fifty day moving average of GBX 86.61 and a two-hundred day moving average of GBX 86.54. The stock has a market capitalization of £126.39 million, a P/E ratio of 961.11 and a beta of 0.04.

Albion Development VCT Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, October 3rd were issued a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a dividend yield of 3.37%. This is a positive change from Albion Development VCT’s previous dividend of $2.40. Albion Development VCT’s payout ratio is currently 5,555.56%.

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.