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Maven Income and Growth VCT 3 PLC Announces Dividend Increase and Investment Scheme

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Maven Income and Growth VCT 3 PLC Announces Dividend Increase and Investment Scheme

Elevate Your Investing Strategy:

Maven Income and Growth VCT 3 ( (GB:MIG3) ) has issued an announcement.

Maven Income and Growth VCT 3 PLC announced an unaudited net asset value of 51.31p per Ordinary Share as of 30 November 2024 and proposed a final dividend of 2.15p per Ordinary Share, bringing the annual dividend to 3.15p per share with a 6% yield. The company has increased its target annual dividend from 5% to 6% of the NAV, reflecting its commitment to providing regular tax-free distributions to shareholders. Additionally, the Dividend Investment Scheme allows shareholders to reinvest dividends into new shares, potentially benefiting from VCT tax reliefs.

More about Maven Income and Growth VCT 3

Maven Income and Growth VCT 3 PLC operates in the financial services industry, focusing on venture capital trusts (VCTs). The company primarily provides tax-efficient investment opportunities for shareholders, aiming to deliver regular tax-free dividends and capital growth through a diversified portfolio.

Average Trading Volume: 11,440

Technical Sentiment Consensus Rating: Sell

For detailed information about MIG3 stock, go to TipRanks’ Stock Analysis page.

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