Develop North (LON:DVNO) Releases Earnings Results

Develop North (LON:DVNO) announced its quarterly earnings data on Wednesday. The company reported GBX 5 ($0.06) 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

Develop North stock traded down GBX 8 ($0.10) during midday trading on Friday, hitting 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 1-year low of GBX 68 ($0.88) and a 1-year high of GBX 86 ($1.12). The company has a 50-day moving average price of GBX 74.66 and a two-hundred day moving average price of GBX 76.38. The company has a market cap of £17.57 million, a price-to-earnings ratio of 20.75 and a beta of 0.16.

Develop North Dividend Announcement

The business also recently announced a dividend, which will be paid on Friday, April 11th. Stockholders of record on Thursday, March 20th will be paid 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 dividend payout ratio is presently 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.