Octopus Titan VCT plc (LON:OTV2) Raises Dividend to GBX 3 Per Share

Octopus Titan VCT plc (LON:OTV2 – Get Rating) announced a dividend on Friday, March 17th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 4th will be paid a dividend of GBX 3 ($0.04) per share on Wednesday, May 24th. This represents a yield of 3.97%. The ex-dividend date of this dividend is Thursday, May 4th. This is an increase from Octopus Titan VCT’s previous dividend of $2.00. The official announcement can be viewed at this link.

Octopus Titan VCT Stock Performance

LON OTV2 opened at GBX 81.50 ($0.99) on Friday. The firm has a market cap of £1.12 billion, a price-to-earnings ratio of -679.17 and a beta of -0.10. The firm has a 50 day simple moving average of GBX 81.79 and a 200-day simple moving average of GBX 85.05. Octopus Titan VCT has a one year low of GBX 75 ($0.91) and a one year high of GBX 102 ($1.24).

Insiders Place Their Bets

In other Octopus Titan VCT news, insider Gaenor Bagley purchased 324 shares of the firm’s stock in a transaction on Thursday, December 22nd. The stock was bought at an average price of GBX 89 ($1.08) per share, with a total value of £288.36 ($351.44). 0.21% of the stock is owned by company insiders.

Octopus Titan VCT Company Profile

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Octopus Titan VCT plc is a venture capital trust specializing in early stage startups, early venture, mid venture, late venture and expansion investments. It invests in companies that are not listed on the main market of the London Stock Exchange. The fund seeks to invest in environmental, technology, media, telecoms, consumer lifestyle and wellbeing sectors.