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

Maven Income and Growth VCT 3 (LON:MIG3) posted its quarterly earnings results 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 net margin of 26.21% and a return on equity of 1.12%.

Maven Income and Growth VCT 3 Price Performance

Shares of LON MIG3 opened at GBX 49 ($0.64) on Wednesday. The stock has a market capitalization of £61.08 million, a P/E ratio of 83.81 and a beta of 0.13. The company has a 50-day moving average price of GBX 48.31 and a 200-day moving average price of GBX 48.94. 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).

Maven Income and Growth VCT 3 Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, March 27th will be issued a dividend of GBX 2.15 ($0.03) per share. This is a boost from Maven Income and Growth VCT 3’s previous dividend of $1.00. This represents a dividend 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.