Volta Finance Dividends - VTA

Volta Finance Dividends - VTA

Best deals to access real time data!
Level 2 Basic
Monthly Subscription
for only
Monthly Subscription
for only
UK/US Silver
Monthly Subscription
for only
VAT not included
Stock Name Stock Symbol Market Stock Type
Volta Finance Limited VTA London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 6.05 08:00:21
Open Price Low Price High Price Close Price Previous Close
6.05 6.05 6.05 6.05 6.05
more quote information »
Industry Sector

Volta Finance VTA Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

skyship: Hardly likely surely - At 610c the discount is 16.21% and the yield on a 56c dividend = 9.18%. But that dividend is based upon the NAV - so will be rising further. Unknown and unloved; but heck, I'm being paid a good whack whilst waiting for new investors to discover VTA!
skyship: Is that a glimmer of BLUE. Someone buying for the divi perhaps...
cwa1: For the record:- Guernsey, 1 July 2021 Volta Finance Limited ("the Company") hereby announces a second interim dividend for the financial year commencing 1 August 2020. The Company announces that it has declared a quarterly interim dividend of EUR0.14 per share payable on 29 July 2021 amounting to approximately EUR5.12 million, equating approximately to an annualised 8% of net asset value. The ex-dividend date is 15 July 2021 with a record date of 16 July 2021.
davebowler: Liberum on FAIR- Event Fair Oaks Income Fund's NAV per share at 31 May 2021 was $0.678, representing a 5.7% NAV total return in the month (+15.3% YTD). In addition to positive loan markets, NAV performance was boosted by upside from recent reset activity across the CLO equity tranches: FOLF II - the reset of FOLF II priced in May. The previous structure had relatively low leverage and a weighted average coupon of Euribor +2.41%. The coupon has reduced to Euribor +1.68% and the reinvestment period has been extended by 4.5 years. The addition of BB and B rated tranches to the structure will enable the return of €19.5m of Master Fund II's initial €47m equity investment. The overall value of the position has risen by 36% in the month. AIMCO 2017-A - the pricing of the AIMCO 2017 reset completed in March. The reset resulted in a reduction in the cost of funding of 24 bps and a five year extension to the investment period. The price of the CLO equity tranche has risen from 48 at the end of February to 81 currently. The valuation is backed up by transactional evidence. A $5.5m position in AIMCO 2017-1 traded in May, with a cover (or second highest bid) of 81. The manager has crystallised gains on a significant portion of CLO mezzanine tranches, reducing the total allocation to mezzanine tranches to 18% of the portfolio (28% in the prior month). Part of the proceeds have been reinvested in the equity tranche of Allegro XIII, a primary US CLO (target return of 15-17%). Master Fund II has committed to two other US CLO control equity investments. Liberum view We have published a note on FAIR, outlining our expectation of strong returns across the portfolio. Two factors are the key drivers of CLO equity returns – loan default rates and the arbitrage spread of the loan pool over the cost of financing. In both instances, the outlook appears very favourable. Loan default rates continue to trend downwards and compressing AAA spreads present opportunities to significantly reduce the cost of funding. FAIR is well-placed to capitalise on these conditions as a control CLO equity investor. We see this as a compelling entry point for a fund offering a 13% dividend yield and strong prospective NAV returns.
cerrito: Just gone through the April report and at the moment everything seems a bit of a yawn, which to be frank is the why I like it with VTA. I see for the second month running they did not buy any assets. Not sure why and will be interesting to see now that they have built up more cash what they do in May. Thanks Skyship for link to Hardman which I will need to read again and more thoroughly.
skyship: https://www.hardmanandco.com/wp-content/uploads/2021/05/210505-Hardman-Volta-Finance-Ltd-VTA-Re-Set-Re-Fi-Re-Light-my-Fire.pdf
stemis: Peeps may remember my previous comment on not being able to deal VTA in my AJ Bell Youinvest account. I've actually had a reply from them:- Thank you for your email. This particualr stock is listed twice on the London Stock Exchange, onced priced in Euros (VTA) and once priced in GBP (VTAS). Where this happens, as both are the exact same investment, we only offer the sterling priced one to avoid our customers being charged an FX fee unecessarily. So if you’d like to trade this stock please either search for the ticker ‘VTAS’ or the sedol code ‘BFZ4H11’;.
skyship: More excellent, if predictable, news. The Qtly divi increased from 12c to 14c. At 610c the discount is currently 12.9% and the yield back up to 9.2% I've today bought back the 2000 I top-sliced lower down! ======================================================= Volta Finance Limited ("the Company") hereby announces a first interim dividend for the financial year commencing 1 August 2020. The Company announces that it has declared a quarterly interim dividend of EUR0.14 per share payable on 29 April 2021 amounting to approximately EUR5.12 million, equating approximately to an annualised 8% of net asset value. The ex-dividend date is 1 April 2021 with a record date of 6 April 2021.
skyship: See below the Hardman report posted by RAM on 15th September. Seems to me that the best DCM is just to keep raising the dividend. The Market won't ignore the yield forever! Dividend: In early April, Volta cancelled the dividend payment due on 28 April until there was more visibility on likely cash receipts. On 11 May, a reduced dividend was declared (€0.1 vs. €0.155), to be paid in June. On 30 June, a dividend of €0.11, to be paid at end-July, was also declared. Looking forward, the intention is to pay a dividend equivalent to 8% of NAV, which, with the group at a 25% discount, implies a 2021E dividend yield to shareholders of 12.1%. If sentiment does improve, investors will benefit not only from the capital appreciation in the NAV, but also from a reduced discount to NAV, and also a higher dividend. The value investors will give to the dividend will also reflect its cover. In the six months to July, Volta received €17.7m of coupons/interest from its investments. The annualised equivalent is a 17% annualised yield on the end-July NAV. This cash receipt is after €1m of technical effects, which are known to reverse in October, and €1m of effects, which will reverse at some stage, when interest rates normalise. Adjusting just for the former implies €37.4m of annualised cash receipts, which takes the yield up to 18%. While we cannot be certain of future cashflows (see Risks section below), it does suggest 2x or more coverage of the currently planned dividend level of 8% NAV.
cwa1: Modest and sensible(IMO) change to dividend arrangements:- Volta Finance Limited ("the Company") hereby announces a first interim dividend for the financial year commencing 1 August 2019 and a small change to the Company's dividend policy. In recent years, the Company has sought to pay a total dividend of EUR0.62 per share per annum, paid quarterly each December, March, June and September, alternating between EUR0.15 and EUR0.16 per quarter. The Company will continue to seek to pay dividends of approximately 8% of NAV per annum, absent a notable change in circumstances. This will also still be paid quarterly. However, henceforth, and commencing with this dividend declaration, for simplicity this will be paid in a regular amount of EUR0.155 per share and the payment date will move approximately one month later, to January, April, July and October. This change of payment date reflects the cash flow receipts by the Company from its underlying holdings, particularly CLOs, which are concentrated in those months. Moving the payment dates should significantly reduce the need to sell holdings to meet dividend payments and then later reinvestment following receipt of cash flows or the alternative of cash drag. The Investment Manager estimates that this change of payment date should enhance total shareholder returns by around 0.10-0.15% per annum and the Board finds this a compelling increase in return for what is, in effect, a small administrative change. Accordingly, the Company announces that it has declared a quarterly interim dividend of EUR0.155 per share payable on 28 April 2020 amounting to approximately EUR5.7 million. The ex-dividend date is 2 April 2020 with a record date of 3 April 2020 and a payment date on 28 April 2020. The Company has arranged for its shareholders to be able to elect to receive their dividends in either Euros or Pounds Sterling. Shareholders will, by default, receive their dividends in Euros, unless they have instructed the Company's Registrar, Computershare Investor Services (Guernsey) Limited ("Computershare"), to pay dividends in Pounds Sterling.
ADVFN Advertorial
Your Recent History
Volta Fina..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210802 03:58:19