Volta Finance (LON:VTA) Reaches New 1-Year High Following Dividend Announcement

Shares of Volta Finance Limited (LON:VTA) reached a new 52-week high during mid-day trading on Thursday after the company announced a dividend. The company traded as high as GBX 5.40 ($0.07) and last traded at GBX 5.40 ($0.07), with a volume of 67355 shares traded. The stock had previously closed at GBX 5.25 ($0.07).

The newly announced dividend which will be paid on Tuesday, October 22nd. Shareholders of record on Thursday, September 26th will be given a €0.15 ($0.16) dividend. This represents a yield of 2.76%. The ex-dividend date of this dividend is Thursday, September 26th. Volta Finance’s payout ratio is currently 0.67%.

Volta Finance Stock Performance

The company has a current ratio of 19.19, a quick ratio of 15.15 and a debt-to-equity ratio of 0.18. The firm has a market cap of £1.92 million, a price-to-earnings ratio of 0.06 and a beta of 0.87. The stock has a fifty day moving average price of GBX 5.24 and a 200 day moving average price of GBX 5.16.

Volta Finance Company Profile

Volta Finance Limited is a closed-ended fixed income mutual fund launched and managed by AXA Investment Managers Paris SA The fund invests in the fixed income markets of Europe and the United States. It primarily invests in corporate credits, sovereign and quasi-sovereign debt, residential mortgage loans, CDOs, ABS, leveraged loans, automobile loans, and debt interests in infrastructure assets.