Maven Income and Growth VCT PLC (LON:MIG1) Increases Dividend to GBX 1.15 Per Share

Maven Income and Growth VCT PLC (LON:MIG1 – Get Rating) announced a dividend on Wednesday, May 24th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, June 15th will be given a dividend of GBX 1.15 ($0.01) per share on Friday, July 14th. This represents a dividend yield of 2.8%. The ex-dividend date is Thursday, June 15th. This is an increase from Maven Income and Growth VCT’s previous dividend of $1.10. The official announcement can be viewed at this link.

Maven Income and Growth VCT Stock Performance

MIG1 opened at GBX 42 ($0.52) on Friday. The stock has a market capitalization of £61.79 million, a P/E ratio of -4,100.00 and a beta of 0.02. Maven Income and Growth VCT has a one year low of GBX 39.20 ($0.49) and a one year high of GBX 46 ($0.57). The business’s 50-day simple moving average is GBX 40.92 and its 200-day simple moving average is GBX 40.60.

Insider Activity at Maven Income and Growth VCT

In related news, insider Andrew Harrington purchased 44,342 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were purchased at an average price of GBX 45 ($0.56) per share, for a total transaction of £19,953.90 ($24,818.28). 0.34% of the stock is currently owned by insiders.

About Maven Income and Growth VCT

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Maven Income and Growth VCT PLC is a venture capital trust fund. The fund invests in management buy-in, buy-out, buy & build and replacement capital. The fund does not invest in hostile public to private transactions. It invests in containers and packing; construction and engineering; transportation; consumer durables and apparel; hotels; media; retail; healthcare; telecommunication services sectors, industrials, non-financials, energy services, financials, consumer goods and services.