Develop North (LON:DVNO) Issues Earnings Results

Develop North (LON:DVNO) posted its quarterly earnings data on Wednesday. The company reported GBX 5 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Develop North had a net margin of 59.58% and a return on equity of 4.24%.

Develop North Trading Down 10.3 %

Shares of LON:DVNO opened at GBX 70 ($0.91) on Friday. Develop North has a 12-month low of GBX 68 ($0.88) and a 12-month high of GBX 86 ($1.12). The business has a 50 day moving average of GBX 74.66 and a two-hundred day moving average of GBX 76.38. The company has a market capitalization of £17.57 million, a PE ratio of 20.75 and a beta of 0.16.

Develop North Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be given a dividend of GBX 1 ($0.01) per share. This represents a yield of 1.28%. The ex-dividend date of this dividend is Thursday, March 20th. Develop North’s dividend payout ratio is currently 118.54%.

Develop North Company Profile

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.