abrdn Equity Income Trust (LON:AEI) Increases Dividend to GBX 5.80 Per Share

abrdn Equity Income Trust (LON:AEI) announced a dividend on Thursday, November 28th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, December 5th will be given a dividend of GBX 5.80 ($0.07) per share on Friday, January 10th. This represents a dividend yield of 1.77%. The ex-dividend date is Thursday, December 5th. This is an increase from abrdn Equity Income Trust’s previous dividend of $5.70. The official announcement can be viewed at this link.

abrdn Equity Income Trust Stock Down 0.6 %

LON:AEI opened at GBX 325 ($4.12) on Thursday. The company has a debt-to-equity ratio of 14.25, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market capitalization of £155.29 million, a price-to-earnings ratio of -32,700.00 and a beta of 0.85. abrdn Equity Income Trust has a one year low of GBX 260 ($3.30) and a one year high of GBX 331.81 ($4.21). The stock has a 50-day simple moving average of GBX 320.61 and a 200 day simple moving average of GBX 317.84.

abrdn Equity Income Trust Company Profile

abrdn Equity Income Trust plc is a closed-ended equity mutual fund launched and managed by Standard Life Investments (Corporate Funds) Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of companies.