abrdn Diversified Income & Growth (LON:ADIG) Shares Up 1.2% – Still a Buy?

abrdn Diversified Income & Growth (LON:ADIG) shares rose 1.2% on Monday . The stock traded as high as GBX 43.50 ($0.55) and last traded at GBX 43.50 ($0.55). Approximately 601,634 shares traded hands during trading, a decline of 10% from the average daily volume of 670,924 shares. The stock had previously closed at GBX 43 ($0.55).

abrdn Diversified Income & Growth Stock Performance

The firm’s 50 day moving average is GBX 42.80 and its 200-day moving average is GBX 52.15. The stock has a market capitalization of £129.55 million, a price-to-earnings ratio of -2,150.00 and a beta of 0.31. The company has a debt-to-equity ratio of 5.75, a quick ratio of 1.70 and a current ratio of 3.12.

abrdn Diversified Income & Growth Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 24th. Stockholders of record on Thursday, September 26th were given a GBX 1.95 ($0.02) dividend. This represents a dividend yield of 4.33%. The ex-dividend date was Thursday, September 26th. abrdn Diversified Income & Growth’s dividend payout ratio (DPR) is presently -30,000.00%.

About abrdn Diversified Income & Growth

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.