ProVen VCT plc (LON:PVN) declared a dividend on Wednesday, October 11th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, October 19th will be given a dividend of GBX 7 ($0.09) per share on Friday, November 17th. This represents a dividend yield of 6.97%. The ex-dividend date is Thursday, October 19th. This is a boost from ProVen VCT plc’s previous dividend of $2.50. The official announcement can be seen at this link.
Shares of ProVen VCT plc (LON PVN) traded down 10.20% during mid-day trading on Friday, hitting GBX 88.00. The firm’s 50-day moving average is GBX 1.03 and its 200 day moving average is GBX 1.02.
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About ProVen VCT plc
ProVen VCT plc is a United Kingdom-based investment company. The Company’s principal objective is to achieve long-term returns greater than those available from investing in a portfolio of quoted companies, by investing in a portfolio of carefully selected qualifying investments in small and medium sized unquoted companies with excellent growth prospects, and a portfolio of non-qualifying investments, including cash, liquidity funds, fixed interest securities, debt and debt-related securities in growth companies, and non-qualifying venture capital investments, within the conditions imposed on all venture capital trusts (VCTs), and to minimize the risk of each investment and the portfolio as a whole.
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