North American Income Trust (LON:NAIT) Hits New 12-Month High at $307.00

North American Income Trust (LON:NAIT)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 307 ($3.95) and last traded at GBX 306 ($3.94), with a volume of 275004 shares trading hands. The stock had previously closed at GBX 304 ($3.91).

North American Income Trust Stock Performance

The firm has a market cap of £420.29 million, a price-to-earnings ratio of 15,300.00 and a beta of 0.70. The company has a quick ratio of 7.40, a current ratio of 1.99 and a debt-to-equity ratio of 8.72. The stock has a fifty day moving average price of GBX 297.16 and a 200-day moving average price of GBX 290.91.

North American Income Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 4th were paid a GBX 2.70 ($0.03) dividend. The ex-dividend date was Thursday, July 4th. This represents a dividend yield of 0.91%. North American Income Trust’s dividend payout ratio (DPR) is presently 55,000.00%.

Insider Activity at North American Income Trust

In related news, insider Susannah Nicklin acquired 856 shares of North American Income Trust stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of GBX 289 ($3.72) per share, for a total transaction of £2,473.84 ($3,182.20). In related news, insider Susannah Nicklin acquired 856 shares of North American Income Trust stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of GBX 289 ($3.72) per share, for a total transaction of £2,473.84 ($3,182.20). Also, insider Patrick Edwardson acquired 100,000 shares of North American Income Trust stock in a transaction dated Monday, July 22nd. The stock was bought at an average price of GBX 300 ($3.86) per share, for a total transaction of £300,000 ($385,901.72). Insiders have acquired a total of 210,856 shares of company stock worth $62,877,384 over the last three months. 8.10% of the stock is currently owned by corporate insiders.

About North American Income Trust

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.