Volta Finance (LON:VTA) Sets New 1-Year High – Should You Buy?

Volta Finance Limited (LON:VTA)’s share price hit 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 changing hands. The stock had previously closed at GBX 6.20 ($0.08).

Volta Finance Stock Up 3.2 %

The stock has a market cap of £234.12 million, a price-to-earnings ratio of 5.21 and a beta of 0.87. The stock has a fifty day moving average of GBX 6.11 and a two-hundred day moving average of GBX 5.62.

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 issued a €0.15 ($0.16) dividend. The ex-dividend date of this dividend was Thursday, December 12th. This represents a yield of 2.63%. This is a boost from Volta Finance’s previous dividend of $0.15. Volta Finance’s dividend payout ratio (DPR) 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.