Northern Venture Trust plc to Issue Dividend of GBX 2 (NVT)

Northern Venture Trust plc (LON:NVT) declared a dividend on Friday, May 17th, Upcoming.Co.Uk reports. Investors of record on Thursday, June 6th will be given a dividend of GBX 2 ($0.03) per share on Thursday, June 27th. This represents a yield of 2.99%. The ex-dividend date of this dividend is Thursday, June 6th. The official announcement can be viewed at this link.

Northern Venture Trust stock traded up GBX 2 ($0.03) during midday trading on Friday, hitting GBX 67 ($0.88). 1,470 shares of the company’s stock were exchanged, compared to its average volume of 5,378. Northern Venture Trust has a 12 month low of GBX 0.60 ($0.01) and a 12 month high of GBX 68.40 ($0.89). The stock has a market cap of $93.85 million and a price-to-earnings ratio of 20.30.

In other Northern Venture Trust news, insider David Mayes bought 289,165 shares of the company’s stock in a transaction on Tuesday, April 2nd. The shares were bought at an average cost of GBX 69 ($0.90) per share, for a total transaction of £199,523.85 ($260,713.25).

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About Northern Venture Trust

Northern Venture Trust PLC is a venture capital trust (VCT). The Company’s principal activity is making of long-term equity and loan investments, mainly in unquoted companies. The Company’s objective is to provide high long-term tax-free returns to investors through a combination of dividend yield and capital growth.

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