Develop North (LON:DVNO) Posts Quarterly Earnings Results

Develop North (LON:DVNO) released its earnings results on Wednesday. The company reported GBX 5 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Develop North had a net margin of 59.58% and a return on equity of 4.24%.

Develop North Stock Down 10.3 %

DVNO traded down GBX 8 ($0.10) on Friday, reaching GBX 70 ($0.91). 79 shares of the company traded hands, compared to its average volume of 16,961. Develop North has a one year low of GBX 68 ($0.88) and a one year high of GBX 86 ($1.12). The firm has a fifty day simple moving average of GBX 74.66 and a two-hundred day simple moving average of GBX 76.38. The company has a market cap of £17.57 million, a P/E ratio of 20.75 and a beta of 0.16.

Develop North Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, April 11th. Investors of record on Thursday, March 20th will be issued a dividend of GBX 1 ($0.01) per share. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 1.28%. Develop North’s payout ratio is 118.54%.

Develop North Company Profile

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.