abrdn European Logistics Income (LON:ASLI) Shares Down 2.4% – Here’s What Happened

Shares of abrdn European Logistics Income plc (LON:ASLI) were down 2.4% on Thursday . The stock traded as low as GBX 57.20 ($0.71) and last traded at GBX 57.60 ($0.72). Approximately 1,056,022 shares were traded during trading, an increase of 13% from the average daily volume of 934,596 shares. The stock had previously closed at GBX 59 ($0.74).

abrdn European Logistics Income Stock Performance

The stock has a fifty day moving average of GBX 58.66 and a 200-day moving average of GBX 60.26. The firm has a market capitalization of £237.41 million, a P/E ratio of -338.82, a P/E/G ratio of 9.27 and a beta of 0.38. The company has a quick ratio of 4.22, a current ratio of 3.10 and a debt-to-equity ratio of 72.97.

abrdn European Logistics Income Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Thursday, December 5th will be paid a dividend of GBX 0.87 ($0.01) per share. This is a boost from abrdn European Logistics Income’s previous dividend of $0.77. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend is Thursday, December 5th. abrdn European Logistics Income’s dividend payout ratio (DPR) is currently -2,941.18%.

abrdn European Logistics Income Company Profile

abrdn European Logistics Income plc, together with its subsidiaries, invests in logistic real estate properties in Europe. Its property portfolio includes mid-box and urban logistics warehouses. The company was formerly known as Aberdeen Standard European Logistics Income PLC and changed its name to abrdn European Logistics Income plc in January 2022.