HgCapital Trust plc (LON:HGT) to Issue Dividend of GBX 3.50

HgCapital Trust plc (LON:HGT) declared a dividend on Monday, March 10th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 3.50 ($0.05) per share by the investment trust on Monday, May 19th. This represents a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 75.0% increase from HgCapital Trust’s previous dividend of $2.00. The official announcement can be accessed at this link.

HgCapital Trust Stock Performance

Shares of HGT stock traded down GBX 8.05 ($0.10) during mid-day trading on Tuesday, hitting GBX 495.96 ($6.44). The company’s stock had a trading volume of 7,555,354 shares, compared to its average volume of 690,038. HgCapital Trust has a 52-week low of GBX 447.50 ($5.81) and a 52-week high of GBX 550 ($7.14). The business has a 50-day moving average price of GBX 519.19 and a 200 day moving average price of GBX 519.13. The stock has a market cap of £2.30 billion, a price-to-earnings ratio of 8.20 and a beta of 0.44.

HgCapital Trust (LON:HGT) last posted its quarterly earnings results on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) earnings per share for the quarter. HgCapital Trust had a return on equity of 11.93% and a net margin of 91.03%.

HgCapital Trust Company Profile

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of c.50 private companies sourced by Hg. Value is created through implementing an investment strategy focused on software and business service companies with resilient, recurring revenue streams and from leveraging the network and expertise of Hg to support management teams to deliver the full potential of their respective businesses.
With highly predictable and stable cash flows, the top 20 businesses (representing 76% by value of HGT’s investments) reported aggregate sales of £10.6 billion and EBITDA of £3.3 billion over the last 12 months, equating to an EBITDA margin of 31%.
Hg brings to HgT an experienced team of c.400 employees, including c.