abrdn Property Income Trust Limited (LON:API) Announces Dividend of GBX 3

abrdn Property Income Trust Limited (LON:API) declared a dividend on Tuesday, December 3rd,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, December 19th will be paid a dividend of GBX 3 ($0.04) per share on Friday, January 10th. This represents a yield of 4.93%. The ex-dividend date is Thursday, December 19th. This is a positive change from abrdn Property Income Trust’s previous dividend of $1.00. The official announcement can be accessed at this link.

abrdn Property Income Trust Price Performance

Shares of API traded down GBX 0.07 ($0.00) during midday trading on Wednesday, reaching GBX 60.73 ($0.77). The stock had a trading volume of 612,167 shares, compared to its average volume of 1,790,428. The company has a market capitalization of £231.52 million, a price-to-earnings ratio of -3,036.55 and a beta of 0.33. The company has a current ratio of 3.47, a quick ratio of 0.16 and a debt-to-equity ratio of 47.99. abrdn Property Income Trust has a 12-month low of GBX 46.60 ($0.59) and a 12-month high of GBX 63 ($0.80). The company’s 50-day moving average is GBX 60.85 and its 200 day moving average is GBX 56.30.

Insiders Place Their Bets

In other news, insider Jill May sold 128,592 shares of the firm’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of GBX 61 ($0.77), for a total transaction of £78,441.12 ($99,393.21). 3.21% of the stock is owned by insiders.

About abrdn Property Income Trust

The objective of abrdn Property Income Trust Limited is to provide shareholders with an attractive level of income together with the prospect of income and capital growth. The Board intends to achieve the investment objective by investing in a diversified portfolio of UK commercial properties in the industrial, office, retail and other' sectors, where other' includes leisure, data centres, student housing, hotels (and apart-hotels) and healthcare.