abrdn European Logistics Income (LON:ASLI) Stock Price Up 2.5% – Here’s Why

Shares of abrdn European Logistics Income plc (LON:ASLI) shot up 2.5% on Thursday . The stock traded as high as GBX 58.40 ($0.71) and last traded at GBX 58.40 ($0.71). 860,657 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 1,170,901 shares. The stock had previously closed at GBX 57 ($0.70).

abrdn European Logistics Income Stock Down 2.1 %

The company has a current ratio of 3.10, a quick ratio of 4.22 and a debt-to-equity ratio of 72.97. The firm’s 50 day simple moving average is GBX 58.40 and its 200-day simple moving average is GBX 59.91. The company has a market capitalization of £235.76 million, a price-to-earnings ratio of -336.47, a PEG ratio of 9.27 and a beta of 0.38.

abrdn European Logistics Income Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 5th were given a dividend of GBX 0.87 ($0.01) per share. This is an increase from abrdn European Logistics Income’s previous dividend of $0.77. This represents a dividend yield of 1.51%. The ex-dividend date was Thursday, December 5th. abrdn European Logistics Income’s payout ratio is currently -2,941.18%.

About abrdn European Logistics Income

Capturing long-term income potential from logistics real estate in Europe