abrdn Property Income Trust Limited (LON:API) Raises Dividend to GBX 52 Per Share

abrdn Property Income Trust Limited (LON:API) announced a dividend on Tuesday, December 10th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Tuesday, December 17th will be given a dividend of GBX 52 ($0.66) per share on Tuesday, December 24th. This represents a dividend 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 Trading Down 0.2 %

LON:API opened at GBX 60.50 ($0.76) on Friday. abrdn Property Income Trust has a 12 month low of GBX 46.90 ($0.59) and a 12 month high of GBX 63 ($0.80). The company has a current ratio of 3.47, a quick ratio of 0.16 and a debt-to-equity ratio of 47.99. The stock has a market capitalization of £230.64 million, a price-to-earnings ratio of -3,025.00 and a beta of 0.33. The firm has a fifty day simple moving average of GBX 60.91 and a two-hundred day simple moving average of GBX 56.82.

Insider Transactions at abrdn Property Income Trust

In related news, insider Jill May sold 128,592 shares of the stock in a transaction on Friday, October 11th. The stock was sold at an average price of GBX 61 ($0.77), for a total value of £78,441.12 ($99,004.32). Insiders own 3.21% of the company’s stock.

abrdn Property Income Trust Company Profile

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.