abrdn Property Income Trust Limited (LON:API – Get Free Report) declared a dividend on Tuesday, December 10th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Tuesday, December 17th will be paid a dividend of GBX 52 ($0.66) per share on Tuesday, December 24th. This represents a yield of 85.81%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from abrdn Property Income Trust’s previous dividend of $3.00. The official announcement can be viewed at this link.
abrdn Property Income Trust Stock Up 0.3 %
LON:API traded up GBX 0.20 ($0.00) during trading hours on Wednesday, reaching GBX 60.80 ($0.78). 2,656,988 shares of the stock were exchanged, compared to its average volume of 1,790,388. The company has a debt-to-equity ratio of 47.99, a current ratio of 3.47 and a quick ratio of 0.16. abrdn Property Income Trust has a twelve month low of GBX 46.90 ($0.60) and a twelve month high of GBX 63 ($0.80). The stock has a market cap of £231.78 million, a PE ratio of -3,030.00 and a beta of 0.33. The firm has a 50 day moving average of GBX 60.96 and a 200 day moving average of GBX 56.60.
Insider Buying and Selling at abrdn Property Income Trust
In related news, insider Jill May sold 128,592 shares of abrdn Property Income Trust stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.78), for a total transaction of £78,441.12 ($100,218.63). Insiders own 3.21% of the company’s stock.
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.
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