HgCapital Trust plc (LON:HGT - Get Free Report) announced a dividend on Monday, March 10th, DividendData.Co.Uk reports. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 3.50 ($0.05) per share by the investment trust on Monday, May 19th. This represents a dividend yield of 0.7%. The ex-dividend date is Thursday, March 20th. This is a 75.0% increase from HgCapital Trust's previous dividend of $2.00. The official announcement can be accessed at this link.
HgCapital Trust Price Performance
Shares of HgCapital Trust stock traded down GBX 12.50 ($0.16) during trading hours on Friday, reaching GBX 485.50 ($6.27). The company's stock had a trading volume of 955,291 shares, compared to its average volume of 571,733. The firm has a 50 day moving average price of GBX 517.62 and a 200-day moving average price of GBX 518.22. HgCapital Trust has a one year low of GBX 459 ($5.93) and a one year high of GBX 550 ($7.10). The stock has a market cap of £2.25 billion, a P/E ratio of 8.03 and a beta of 0.44.
HgCapital Trust (LON:HGT - Get Free Report) last posted its earnings results on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) earnings per share for the quarter. HgCapital Trust had a net margin of 91.03% and a return on equity of 11.93%.
Insider Activity at HgCapital Trust
In other news, insider Helena Coles purchased 3,033 shares of the business's stock in a transaction that occurred on Thursday, March 20th. The shares were bought at an average cost of GBX 494 ($6.38) per share, for a total transaction of £14,983.02 ($19,345.41). 8.44% of the stock is currently owned by insiders.
About HgCapital Trust
(
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HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of c.50 private companies sourced by Hg. Value is created through implementing an investment strategy focused on software and business service companies with resilient, recurring revenue streams and from leveraging the network and expertise of Hg to support management teams to deliver the full potential of their respective businesses.
With highly predictable and stable cash flows, the top 20 businesses (representing 76% by value of HGT's investments) reported aggregate sales of £10.6 billion and EBITDA of £3.3 billion over the last 12 months, equating to an EBITDA margin of 31%.
Hg brings to HgT an experienced team of c.400 employees, including c.
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