Maven Income and Growth VCT 3 (LON:MIG3) Issues Quarterly Earnings Results

Maven Income and Growth VCT 3 (LON:MIG3) announced its quarterly earnings data on Tuesday. The company reported GBX 0.49 ($0.01) EPS for the quarter, Digital Look Earnings reports. Maven Income and Growth VCT 3 had a return on equity of 1.12% and a net margin of 26.21%.

Maven Income and Growth VCT 3 Price Performance

LON:MIG3 remained flat at GBX 49 ($0.64) on Thursday. 2,443 shares of the company’s stock were exchanged, compared to its average volume of 115,778. The firm has a market capitalization of £61.08 million, a P/E ratio of 83.81 and a beta of 0.13. Maven Income and Growth VCT 3 has a 1-year low of GBX 46 ($0.60) and a 1-year high of GBX 51 ($0.66). The stock’s 50 day moving average is GBX 48.33 and its two-hundred day moving average is GBX 48.94.

Maven Income and Growth VCT 3 Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, March 27th will be paid a dividend of GBX 2.15 ($0.03) per share. This is a positive change from Maven Income and Growth VCT 3’s previous dividend of $1.00. This represents a yield of 4.39%. The ex-dividend date is Thursday, March 27th. Maven Income and Growth VCT 3’s dividend payout ratio (DPR) is currently 513.12%.

About Maven Income and Growth VCT 3

Maven Income and Growth VCT 3 PLC is a venture capital trust fund specializing in development capital and early stage investments. In case of private companies, the fund prefers to invest in later stage. It does not invest in hostile public to private transactions. The fund's objective is to achieve long-term capital appreciation principally through investment in smaller unquoted companies and AIM quoted companies in the United Kingdom with strong growth potential.