abrdn Diversified Income & Growth (LON:ADIG) Trading Up 4.4% – Should You Buy?

Shares of abrdn Diversified Income & Growth (LON:ADIG) rose 4.4% during trading on Monday . The stock traded as high as GBX 43 ($0.55) and last traded at GBX 43 ($0.55). Approximately 247,433 shares changed hands during trading, a decline of 64% from the average daily volume of 684,784 shares. The stock had previously closed at GBX 41.20 ($0.52).

abrdn Diversified Income & Growth Stock Performance

The firm has a market cap of £129.55 million, a price-to-earnings ratio of -2,150.00 and a beta of 0.31. The company has a current ratio of 3.12, a quick ratio of 1.70 and a debt-to-equity ratio of 5.75. The stock’s 50 day moving average is GBX 43.34 and its 200 day moving average is GBX 56.28.

abrdn Diversified Income & Growth Cuts Dividend

The company also recently announced a dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, September 26th were paid a dividend of GBX 1.95 ($0.02) per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 4.33%. abrdn Diversified Income & Growth’s dividend payout ratio (DPR) is currently -30,000.00%.

abrdn Diversified Income & Growth Company Profile

Abrdn Diversified Income And Growth Plc is a closed ended balanced mutual fund launched by BlackRock Fund Managers Limited. The fund is co-managed by BlackRock Investment Management (UK) Limited and Aberdeen Fund Managers Limited. It invests in public equity and fixed income markets across the globe.