Develop North Plans Dividend of GBX 1 (LON:DVNO)

Develop North (LON:DVNO) announced a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Stockholders 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 dividend yield of 1.28%. The ex-dividend date is Thursday, March 20th. The official announcement can be viewed at this link.

Develop North Price Performance

Shares of LON DVNO remained flat at GBX 78 ($1.01) during mid-day trading on Tuesday. The stock had a trading volume of 11,500 shares, compared to its average volume of 18,663. The firm 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 12 month low of GBX 68 ($0.88) and a 12 month high of GBX 86 ($1.12). The stock has a 50 day moving average price of GBX 74.82 and a 200-day moving average price of 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.