abrdn Diversified Income & Growth (LON:ADIG) Trading Up 0.9%

Shares of abrdn Diversified Income & Growth (LON:ADIG) shot up 0.9% on Wednesday . The company traded as high as GBX 46.50 ($0.60) and last traded at GBX 45.60 ($0.59). 964,925 shares were traded during mid-day trading, an increase of 45% from the average session volume of 666,734 shares. The stock had previously closed at GBX 45.20 ($0.58).

abrdn Diversified Income & Growth Stock Performance

The business’s fifty day moving average is GBX 68.45 and its two-hundred day moving average is GBX 73.72. The company has a quick ratio of 1.70, a current ratio of 3.08 and a debt-to-equity ratio of 4.63. The stock has a market capitalization of £139.19 million, a PE ratio of -3,990.00 and a beta of 0.38.

abrdn Diversified Income & Growth Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, July 10th. Investors of record on Wednesday, July 3rd were issued a GBX 38 ($0.49) dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This is a positive change from abrdn Diversified Income & Growth’s previous dividend of $1.42. This represents a dividend yield of 46.74%.

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.