abrdn Diversified Income & Growth (LON:ADIG) Shares Up 4.4% – Should You Buy?

abrdn Diversified Income & Growth (LON:ADIG) shares were up 4.4% on Monday . The company traded as high as GBX 43 ($0.54) and last traded at GBX 43 ($0.54). 247,433 shares were traded during mid-day trading, a decline of 64% from the average daily volume of 684,784 shares. The stock had previously closed at GBX 41.20 ($0.52).

abrdn Diversified Income & Growth Stock Performance

The firm has a market capitalization of £126.53 million, a PE ratio of -2,111.00 and a beta of 0.31. The firm’s 50 day moving average price is GBX 43.31 and its 200-day moving average price is GBX 55.84. 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 business also recently declared a dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, September 26th were issued a GBX 1.95 ($0.02) dividend. This represents a yield of 4.33%. The ex-dividend date of this dividend was Thursday, September 26th. abrdn Diversified Income & Growth’s payout ratio is presently -30,000.00%.

abrdn Diversified Income & Growth Company Profile

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.