Diverse Income Trust (LON:DIVI) Plans Dividend Increase – GBX 1.05 Per Share

Diverse Income Trust (LON:DIVI) announced a dividend on Tuesday, February 11th, DividendData.Co.Uk reports. Shareholders of record on Thursday, March 20th will be paid a dividend of GBX 1.05 ($0.01) per share on Friday, May 30th. This represents a yield of 1.14%. The ex-dividend date of this dividend is Thursday, March 20th. This is a 5.0% increase from Diverse Income Trust’s previous dividend of $1.00. The official announcement can be seen at this link.

Diverse Income Trust Price Performance

Shares of DIVI stock remained flat at GBX 91 ($1.18) during trading hours on Tuesday. The stock had a trading volume of 574,689 shares, compared to its average volume of 584,800. The company has a market capitalization of £214.68 million and a price-to-earnings ratio of -505.56. Diverse Income Trust has a 1-year low of GBX 83 ($1.08) and a 1-year high of GBX 95.80 ($1.24). The stock has a fifty day moving average price of GBX 92.50 and a 200 day moving average price of GBX 91.69.

Diverse Income Trust (LON:DIVI) last posted its quarterly earnings data on Tuesday, February 11th. The company reported GBX 2.63 ($0.03) earnings per share for the quarter.

About Diverse Income Trust

The Company aims to provide shareholders with an attractive and growing level of dividends coupled with capital growth over the long term.

The Company invests primarily in quoted or traded UK companies with a wide range of market capitalisations, but a long-term bias toward small and mid-cap equities.