abrdn plc (LON:ABDN) to Issue Dividend of GBX 7.30

abrdn plc (LON:ABDN) announced a dividend on Tuesday, March 4th, DividendData.Co.Uk reports. Investors of record on Thursday, March 27th will be given a dividend of GBX 7.30 ($0.09) per share on Tuesday, May 13th. This represents a dividend yield of 4.17%. The ex-dividend date of this dividend is Thursday, March 27th. The official announcement can be viewed at this link.

abrdn Stock Performance

Shares of abrdn stock opened at GBX 171.38 ($2.21) on Tuesday. The stock has a market capitalization of £3.07 billion, a price-to-earnings ratio of 9.74, a price-to-earnings-growth ratio of 12.70 and a beta of 1.25. The company has a debt-to-equity ratio of 12.25, a current ratio of 225.80 and a quick ratio of 24.97. The business has a 50-day moving average of GBX 158.63 and a 200 day moving average of GBX 150.05. abrdn has a 12 month low of GBX 130.50 ($1.69) and a 12 month high of GBX 186.48 ($2.41).

abrdn (LON:ABDN) last posted its quarterly earnings data on Tuesday, March 4th. The company reported GBX 15.20 ($0.20) EPS for the quarter. abrdn had a net margin of 21.19% and a return on equity of 6.46%. As a group, sell-side analysts forecast that abrdn will post 15.2266152 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup upped their price objective on abrdn from GBX 140 ($1.81) to GBX 172 ($2.22) and gave the stock a “neutral” rating in a research report on Thursday, March 6th.

About abrdn

abrdn is a global investment company that helps clients and customers plan, save, and invest for the future.

Our purpose is to enable our clients to be better investors.

Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and interactive investor – focused on the changing needs of our clients.

The capabilities in our Investments business are built on the strength of our insight – generated from wide-ranging research, worldwide investment expertise and local market knowledge.

Our Adviser business provides financial planning solutions and technology for UK financial advisers, enabling them to create value for their businesses and their clients.

interactive investor, the UK’s second largest direct-to-consumer investment platform, enables individuals in the UK to plan, save and invest in the way that works for them.

abrdn.com

The value of investments and the income from them can go down as well as up and investors may get back less than the amount invested.