Volta Finance (LON:VTA) Reaches New 52-Week High - Time to Buy?

Volta Finance Limited (LON:VTA - Get Free Report)'s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as GBX 6.45 ($0.08) and last traded at GBX 6.40 ($0.08), with a volume of 394 shares. The stock had previously closed at GBX 6.20 ($0.08).

Volta Finance Trading Up 3.2 %

The firm has a market cap of £237.77 million, a price-to-earnings ratio of 5.29 and a beta of 0.87. The company has a 50 day moving average of GBX 6.13 and a 200 day moving average of GBX 5.65.

Volta Finance Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 16th. Investors of record on Thursday, December 12th were paid a dividend of €0.15 ($0.16) per share. This represents a yield of 2.63%. The ex-dividend date of this dividend was Thursday, December 12th. This is an increase from Volta Finance's previous dividend of $0.15. Volta Finance's dividend payout ratio (DPR) is presently 48.81%.

Volta Finance Company Profile

Volta Finance Limited (the “Company” or “Volta”) is a closed-ended limited liability company registered in Guernsey under the Companies (Guernsey) Law, 2008 (as amended) with registered number 45747. Volta's investment objectives are to seek to preserve capital across the credit cycle and to provide a stable stream of income to its Shareholders through dividends that it expects to distribute on a quarterly basis.