Volta Finance (LON:VTA) Hits New 52-Week High – Should You Buy?

Shares of Volta Finance Limited (LON:VTA) hit a new 52-week high on Tuesday . The stock traded as high as GBX 6.45 ($0.08) and last traded at GBX 6.40 ($0.08), with a volume of 394 shares traded. The stock had previously closed at GBX 6.20 ($0.08).

Volta Finance Stock Performance

The firm has a market capitalization of £228.63 million, a price-to-earnings ratio of 5.08 and a beta of 0.87. The company has a 50 day moving average price of GBX 6.12 and a two-hundred day moving average price of GBX 5.64.

Volta Finance Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, January 16th. Stockholders of record on Thursday, December 12th were paid a dividend of €0.15 ($0.16) per share. This represents a dividend yield of 2.63%. This is an increase from Volta Finance’s previous dividend of $0.15. The ex-dividend date of this dividend was Thursday, December 12th. Volta Finance’s dividend payout ratio is presently 48.81%.

About Volta Finance

Volta Finance Limited (the “Company” or “Volta”) is a closed-ended limited liability company registered in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered number 45747.

Volta’s investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.