abrdn Property Income Trust Limited (API) to Issue Dividend of GBX 3 on January 10th

abrdn Property Income Trust Limited (LON:API) announced a dividend on Tuesday, December 3rd,Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, December 19th will be paid a dividend of GBX 3 ($0.04) per share on Friday, January 10th. This represents a dividend yield of 4.93%. The ex-dividend date of this dividend is Thursday, December 19th. This is a boost from abrdn Property Income Trust’s previous dividend of $1.00. The official announcement can be seen at this link.

abrdn Property Income Trust Trading Down 84.5 %

Shares of API stock opened at GBX 9.40 ($0.12) on Tuesday. abrdn Property Income Trust has a fifty-two week low of GBX 8.60 ($0.11) and a fifty-two week high of GBX 63 ($0.80). The stock’s fifty day moving average price is GBX 60.90 and its two-hundred day moving average price is GBX 56.85. The company has a debt-to-equity ratio of 47.99, a quick ratio of 0.16 and a current ratio of 3.47. The company has a market cap of £35.83 million, a PE ratio of -470.00 and a beta of 0.33.

Insider Activity at abrdn Property Income Trust

In other abrdn Property Income Trust news, insider Jill May sold 128,592 shares of the firm’s stock in a transaction that occurred on Friday, October 11th. The shares were sold at an average price of GBX 61 ($0.77), for a total value of £78,441.12 ($99,519.31). 3.21% of the stock is currently owned by insiders.

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.