Develop North (LON:DVNO) Announces Quarterly Earnings Results

Develop North (LON:DVNO) announced its quarterly earnings results on Wednesday. The company reported GBX 5 ($0.07) earnings per share (EPS) for the quarter, Digital Look Earnings reports. Develop North had a net margin of 59.58% and a return on equity of 4.24%.

Develop North Price Performance

LON:DVNO opened at GBX 78 ($1.01) on Thursday. The business’s 50-day simple moving average is GBX 74.82 and its two-hundred day simple moving average is GBX 76.43. Develop North has a 52 week low of GBX 68 ($0.88) and a 52 week high of GBX 86 ($1.12). The stock has a market cap of £19.57 million, a PE ratio of 23.12 and a beta of 0.16.

Develop North Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, April 11th. Shareholders of record on Thursday, March 20th will be given a GBX 1 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 1.28%. Develop North’s payout ratio is currently 118.54%.

Develop North Company Profile

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.