VPC Specialty Lending Investments (LON:VSL) Trading Down 0.5% – Here’s What Happened

Shares of VPC Specialty Lending Investments (LON:VSL) dropped 0.5% during trading on Thursday . The company traded as low as GBX 29.43 ($0.37) and last traded at GBX 29.60 ($0.38). Approximately 156,384 shares changed hands during mid-day trading, a decline of 35% from the average daily volume of 240,454 shares. The stock had previously closed at GBX 29.75 ($0.38).

VPC Specialty Lending Investments Price Performance

The business’s 50 day moving average price is GBX 36.19 and its two-hundred day moving average price is GBX 40.88. The company has a current ratio of 180.07, a quick ratio of 28.78 and a debt-to-equity ratio of 27.60. The stock has a market cap of £82.37 million, a P/E ratio of -328.89 and a beta of 0.58.

VPC Specialty Lending Investments Cuts Dividend

The firm also recently announced a dividend, which will be paid on Thursday, December 19th. Shareholders of record on Thursday, November 21st will be paid a dividend of GBX 1.34 ($0.02) per share. This represents a dividend yield of 3.39%. The ex-dividend date is Thursday, November 21st. VPC Specialty Lending Investments’s dividend payout ratio is -8,888.89%.

About VPC Specialty Lending Investments

VPC Specialty Lending Investments Plc specializes in opportunities within the specialty lending market primarily through online lending platforms.