Develop North (DVNO) to Issue Dividend of GBX 1 on April 11th

Develop North (LON:DVNO) declared a dividend on Wednesday, March 12th, DividendData.Co.Uk reports. Investors of record on Thursday, March 20th will be given a dividend of GBX 1 ($0.01) per share on Friday, April 11th. This represents a yield of 1.28%. The ex-dividend date is Thursday, March 20th. The official announcement can be viewed at this link.

Develop North Stock Performance

LON:DVNO remained flat at GBX 78 ($1.01) on Tuesday. 11,500 shares of the company’s stock traded hands, compared to its average volume of 18,663. Develop North has a 52-week low of GBX 68 ($0.88) and a 52-week high of GBX 86 ($1.12). The firm’s 50-day simple moving average is GBX 74.82 and its two-hundred day simple moving average is GBX 76.38. The firm has a market cap of £19.57 million, a PE ratio of 23.12 and a beta of 0.16.

About Develop North

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.