Maven Income and Growth VCT 3 PLC Reports Strong Financial Year with Increased Dividend Target

Maven Income and Growth VCT 3 ( (GB:MIG3) ) has provided an update.

Maven Income and Growth VCT 3 PLC reported positive financial results for the year ending November 2024, with a NAV total return increase to 152.03p per Ordinary Share. The company completed seven profitable private company exits, generating significant returns and cash proceeds of £8 million. The annual dividend target was increased to 6% of NAV per Ordinary Share, with a final dividend proposed for May 2025. Despite economic challenges, the company’s portfolio has grown, with over £5.8 million invested in new and follow-on investments. The company launched a new Offer for Subscription in September 2024, aiming to raise £10 million, reflecting its strategic growth focus and resilience in a recovering economic environment.

More about Maven Income and Growth VCT 3

Maven Income and Growth VCT 3 PLC operates in the private equity and venture capital industry, focusing on building a diverse portfolio of high-growth potential private companies. The company invests across various dynamic sectors such as cyber security, healthtech, software, regtech, and specialist manufacturing, aiming to deliver growth in shareholder value.

Average Trading Volume: 35,961

Technical Sentiment Consensus Rating: Sell

See more data about MIG3 stock on TipRanks’ Stock Analysis page.