Develop North (LON:DVNO) Releases Earnings Results

Develop North (LON:DVNO) issued its earnings results on Wednesday. The company reported GBX 5 ($0.06) EPS for the quarter, Digital Look Earnings reports. Develop North had a return on equity of 4.24% and a net margin of 59.58%.

Develop North Trading Down 10.3 %

LON DVNO traded down GBX 8 ($0.10) on Friday, reaching GBX 70 ($0.91). The company’s stock had a trading volume of 79 shares, compared to its average volume of 16,961. Develop North has a 52 week low of GBX 68 ($0.88) and a 52 week high of GBX 86 ($1.12). The firm has a market cap of £17.57 million, a PE ratio of 20.75 and a beta of 0.16. The business has a 50-day moving average price of GBX 74.66 and a 200 day moving average price of GBX 76.38.

Develop North Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be issued a dividend of GBX 1 ($0.01) per share. This represents a dividend yield of 1.28%. The ex-dividend date is Thursday, March 20th. Develop North’s payout ratio is 118.54%.

About Develop North

Develop North PLC, an investment company, provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. The company also invests in financial assets comprising loans. It makes investments primarily through senior secured loans; and other loans, such as bridging loans, selected loan financings, subordinated loans, and other debt instruments.