Maven Income and Growth VCT 3 (LON:MIG3) Announces Earnings Results

Maven Income and Growth VCT 3 (LON:MIG3) released its quarterly earnings results on Tuesday. The company reported GBX 0.49 ($0.01) EPS for the quarter, Digital Look Earnings reports. Maven Income and Growth VCT 3 had a net margin of 26.21% and a return on equity of 1.12%.

Maven Income and Growth VCT 3 Price Performance

MIG3 remained flat at GBX 49 ($0.64) during trading on Thursday. 2,443 shares of the company’s stock traded hands, compared to its average volume of 115,778. The company has a market cap of £61.08 million, a price-to-earnings ratio of 83.81 and a beta of 0.13. The company has a 50-day moving average price of GBX 48.33 and a 200-day moving average price of GBX 48.94. Maven Income and Growth VCT 3 has a fifty-two week low of GBX 46 ($0.60) and a fifty-two week high of GBX 51 ($0.66).

Maven Income and Growth VCT 3 Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, March 27th will be given a dividend of GBX 2.15 ($0.03) per share. The ex-dividend date is Thursday, March 27th. This represents a yield of 4.39%. This is a boost from Maven Income and Growth VCT 3’s previous dividend of $1.00. Maven Income and Growth VCT 3’s dividend payout ratio is presently 513.12%.

Maven Income and Growth VCT 3 Company Profile

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential.