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Maven Income and Growth VCT 5 PLC Announces Dividend Increase and Investment Scheme

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Maven Income and Growth VCT 5 PLC Announces Dividend Increase and Investment Scheme

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Maven Income and Growth VCT 5 ( (GB:MIG5) ) has shared an update.

Maven Income and Growth VCT 5 PLC announced an unaudited net asset value of 32.39p per Ordinary Share as of 30 November 2024. The company has proposed a final dividend of 1.00p per Ordinary Share, bringing the annual dividend to 2.00p per share, representing a 6.15% yield. This decision follows several profitable private company exits and reflects an increase in the target annual dividend from 5% to 6% of the NAV. The company also offers a Dividend Investment Scheme, allowing shareholders to reinvest dividends into new shares, potentially benefiting from VCT tax reliefs.

More about Maven Income and Growth VCT 5

Maven Income and Growth VCT 5 PLC operates within the financial services industry, focusing on venture capital trusts. The company primarily provides investment opportunities and aims to deliver tax-free dividends to its shareholders by investing in a diversified portfolio of private companies.

Average Trading Volume: 15,068

Technical Sentiment Consensus Rating: Sell

For detailed information about MIG5 stock, go to TipRanks’ Stock Analysis page.

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