Develop North (LON:DVNO) Plans GBX 1 Dividend

Develop North (LON:DVNO) announced a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Investors of record on Thursday, March 20th will be given a dividend of GBX 1 ($0.01) per share on Friday, April 11th. This represents a yield of 1.28%. The ex-dividend date is Thursday, March 20th. The official announcement can be viewed at this link.

Develop North Stock Performance

DVNO stock remained flat at GBX 78 ($1.01) during mid-day trading on Tuesday. 11,500 shares of the company’s stock traded hands, compared to its average volume of 18,663. The stock has a market cap of £19.57 million, a price-to-earnings ratio of 23.12 and a beta of 0.16. Develop North has a twelve month low of GBX 68 ($0.88) and a twelve month high of GBX 86 ($1.12). The firm’s 50 day moving average is GBX 74.82 and its two-hundred day moving average is GBX 76.38.

About Develop North

Develop North PLC, an investment company, provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. The company also invests in financial assets comprising loans. It makes investments primarily through senior secured loans; and other loans, such as bridging loans, selected loan financings, subordinated loans, and other debt instruments.