TOC Property Backed Lending Trust (LON:PBLT) Hits New 52-Week High at $107.00

TOC Property Backed Lending Trust PLC (LON:PBLT)’s share price reached a new 52-week high on Wednesday . The stock traded as high as GBX 107 ($1.40) and last traded at GBX 103.50 ($1.35), with a volume of 934 shares trading hands. The stock had previously closed at GBX 103.50 ($1.35).

The company has a debt-to-equity ratio of 11.58, a current ratio of 9.04 and a quick ratio of 9.04.

The company also recently disclosed a dividend, which will be paid on Thursday, July 4th. Investors of record on Thursday, June 13th will be paid a GBX 1.50 ($0.02) dividend. This represents a yield of 1.45%. The ex-dividend date is Thursday, June 13th.

In related news, insider Stephen Coe sold 20,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The stock was sold at an average price of GBX 100 ($1.31), for a total value of £20,000 ($26,133.54).

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About TOC Property Backed Lending Trust (LON:PBLT)

TOC Property Backed Lending Trust Plc provides a portfolio of fixed rate loans primarily secured over land and/or property in the United Kingdom. It also invest in financial assets comprising loans and joint venture equity contracts. The company was founded in 2017 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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