abrdn Property Income Trust Limited (LON:API) Raises Dividend to GBX 52 Per Share

abrdn Property Income Trust Limited (LON:API) announced a dividend on Tuesday, December 10th,Upcoming Dividends.Co.Uk reports. Investors of record on Tuesday, December 17th will be paid a dividend of GBX 52 ($0.66) per share on Tuesday, December 24th. This represents a yield of 85.81%. The ex-dividend date of this dividend is Tuesday, December 17th. This is an increase from abrdn Property Income Trust’s previous dividend of $3.00. The official announcement can be viewed at this link.

abrdn Property Income Trust Stock Performance

LON:API traded up GBX 0.20 ($0.00) on Wednesday, reaching GBX 60.80 ($0.78). 2,656,988 shares of the company’s stock were exchanged, compared to its average volume of 1,790,388. The stock has a fifty day simple moving average of GBX 60.96 and a 200-day simple moving average of GBX 56.60. abrdn Property Income Trust has a 52 week low of GBX 46.90 ($0.60) and a 52 week high of GBX 63 ($0.80). The company has a debt-to-equity ratio of 47.99, a current ratio of 3.47 and a quick ratio of 0.16. The firm has a market cap of £231.78 million, a price-to-earnings ratio of -3,030.00 and a beta of 0.33.

Insiders Place Their Bets

In other news, insider Jill May sold 128,592 shares of the company’s stock in a transaction on Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.78), for a total value of £78,441.12 ($100,218.63). Company insiders own 3.21% of the company’s stock.

abrdn Property Income Trust Company Profile

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.