Maven Income and Growth VCT 3 PLC (LON:MIG3) Raises Dividend to GBX 2.15 Per Share

Maven Income and Growth VCT 3 PLC (LON:MIG3) declared a dividend on Thursday, February 27th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be given a dividend of GBX 2.15 ($0.03) per share on Friday, May 9th. This represents a dividend yield of 4.39%. The ex-dividend date of this dividend is Thursday, March 27th. This is a 115.0% increase from Maven Income and Growth VCT 3’s previous dividend of $1.00. The official announcement can be accessed at this link.

Maven Income and Growth VCT 3 Stock Performance

Shares of MIG3 stock opened at GBX 47.40 ($0.61) on Tuesday. The stock has a fifty day simple moving average of GBX 48.33 and a two-hundred day simple moving average of GBX 49.02. Maven Income and Growth VCT 3 has a 52-week low of GBX 46 ($0.59) and a 52-week high of GBX 51 ($0.66). The firm has a market capitalization of £59.09 million, a PE ratio of 81.07 and a beta of 0.13.

Maven Income and Growth VCT 3 (LON:MIG3) last posted its quarterly earnings results on Tuesday, March 18th. The company reported GBX 0.49 ($0.01) EPS for the quarter. Maven Income and Growth VCT 3 had a return on equity of 1.12% and a net margin of 26.21%.

About Maven Income and Growth VCT 3

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.