The Income & Growth VCT plc (LON:IGV)’s share price dropped 10.5% on Wednesday . The stock traded as low as GBX 69.50 ($0.91) and last traded at GBX 68.50 ($0.90), approximately 5,254 shares changed hands during mid-day trading. An increase of 23% from the average daily volume of 4,257 shares. The stock had previously closed at GBX 76.53 ($1.00).
The firm has a market capitalization of $71.49 million and a P/E ratio of 31.14. The business’s 50-day moving average is GBX 68.66.
The firm also recently declared a dividend, which was paid on Friday, July 12th. Shareholders of record on Thursday, June 13th were given a GBX 1.50 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, June 13th. This represents a yield of 2.19%. The Income & Growth VCT’s dividend payout ratio is presently 2.73%.
The Income & Growth VCT plc is a United Kingdom-based venture capital trust. The Company’s objective is to provide investors with an attractive return by maximizing the stream of tax-free dividend distributions from the income and capital gains generated by a diverse and carefully selected portfolio of investments.
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