North American Income Trust (LON:NAIT) Insider Purchases £300,000 in Stock

North American Income Trust (LON:NAIT) insider Patrick Edwardson bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, July 22nd. The shares were bought at an average cost of GBX 300 ($3.88) per share, for a total transaction of £300,000 ($387,997.93).

Patrick Edwardson also recently made the following trade(s):

• On Wednesday, July 17th, Patrick Edwardson purchased 83,755 shares of North American Income Trust stock. The stock was acquired at an average cost of GBX 297 ($3.84) per share, for a total transaction of £248,752.35 ($321,717.99).
• On Monday, July 15th, Patrick Edwardson purchased 16,245 shares of North American Income Trust stock. The stock was acquired at an average cost of GBX 297 ($3.84) per share, for a total transaction of £48,247.65 ($62,399.96).

North American Income Trust Trading Down 0.7 %

Shares of North American Income Trust stock opened at GBX 300 ($3.88) on Thursday. The firm has a market capitalization of £412.05 million, a PE ratio of 15,000.00 and a beta of 0.70. The company has a debt-to-equity ratio of 8.72, a current ratio of 1.99 and a quick ratio of 7.40. The company’s fifty day moving average price is GBX 296.22 and its two-hundred day moving average price is GBX 290.37. North American Income Trust has a 52-week low of GBX 254 ($3.29) and a 52-week high of GBX 306 ($3.96).

North American Income Trust Cuts Dividend

The firm also recently declared a dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th will be issued a GBX 2.70 ($0.03) dividend. This represents a yield of 0.91%. The ex-dividend date is Thursday, July 4th. North American Income Trust’s dividend payout ratio (DPR) is presently 55,000.00%.

About North American Income Trust

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.