abrdn Property Income Trust Limited (LON:API – Get Free Report) announced a dividend on Tuesday, December 10th,Upcoming Dividends.Co.Uk reports. Shareholders 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 yield of 85.81%. The ex-dividend date is Tuesday, December 17th. This is a positive change from abrdn Property Income Trust’s previous dividend of $3.00. The official announcement can be seen at this link.
abrdn Property Income Trust Trading Down 0.5 %
Shares of API stock traded down GBX 0.30 ($0.00) during trading hours on Tuesday, hitting GBX 60.60 ($0.77). 1,875,775 shares of the company’s stock traded hands, compared to its average volume of 1,786,315. The stock has a market cap of £231.02 million, a PE ratio of -3,030.00 and a beta of 0.33. The stock’s 50 day simple moving average is GBX 60.96 and its 200 day simple moving average is GBX 56.60. The company has a quick ratio of 0.16, a current ratio of 3.47 and a debt-to-equity ratio of 47.99. abrdn Property Income Trust has a 12 month low of GBX 46.90 ($0.60) and a 12 month high of GBX 63 ($0.80).
Insider Transactions at abrdn Property Income Trust
In related news, insider Jill May sold 128,592 shares of the company’s stock in a transaction dated Friday, October 11th. The stock was sold at an average price of GBX 61 ($0.78), for a total transaction of £78,441.12 ($100,218.63). Corporate 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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