abrdn Property Income Trust Limited (LON:API) Announces GBX 1 Dividend

abrdn Property Income Trust Limited (LON:API) announced a dividend on Thursday, November 7th,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, November 14th will be given a dividend of GBX 1 ($0.01) per share on Friday, November 29th. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend is Thursday, November 14th. The official announcement can be seen at this link.

abrdn Property Income Trust Stock Performance

Shares of API stock opened at GBX 61.36 ($0.80) on Friday. The stock has a market capitalization of £233.92 million, a price-to-earnings ratio of -3,060.00 and a beta of 0.33. abrdn Property Income Trust has a one year low of GBX 46.10 ($0.60) and a one year high of GBX 63 ($0.82). The company’s 50-day simple moving average is GBX 59.42 and its 200-day simple moving average is GBX 55.08. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.16 and a current ratio of 3.47.

Insider Activity

In other abrdn Property Income Trust news, insider Jill May sold 128,592 shares of the business’s stock in a transaction dated Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.79), for a total transaction of £78,441.12 ($102,110.28). 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.