Develop North (LON:DVNO) Posts Quarterly Earnings Results

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

Develop North Stock Performance

Develop North stock opened at GBX 70 ($0.91) on Friday. The company has a market capitalization of £17.57 million, a P/E ratio of 20.75 and a beta of 0.16. Develop North has a fifty-two week low of GBX 68 ($0.88) and a fifty-two week high of GBX 86 ($1.12). The stock has a 50-day simple moving average of GBX 74.66 and a 200-day simple moving average of GBX 76.38.

Develop North Dividend Announcement

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