Volta Finance (LON:VTA) Hits New 52-Week High – Should You Buy?

Volta Finance Limited (LON:VTA) reached a new 52-week high on Tuesday . The company traded as high as GBX 6.45 ($0.08) and last traded at GBX 6.40 ($0.08), with a volume of 394 shares. The stock had previously closed at GBX 6.20 ($0.08).

Volta Finance Trading Up 0.8 %

The business has a fifty day moving average price of GBX 6.12 and a two-hundred day moving average price of GBX 5.64. The firm has a market capitalization of £228.63 million, a PE ratio of 5.08 and a beta of 0.87.

Volta Finance Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, December 12th were paid a dividend of €0.15 ($0.16) per share. This is a positive change from Volta Finance’s previous dividend of $0.15. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 2.63%. Volta Finance’s dividend payout ratio is presently 48.81%.

Volta Finance Company Profile

Volta Finance Limited (the “Company” or “Volta”) is a closed-ended limited liability company registered in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered number 45747.

Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.