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

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 viewed at this link.

abrdn Property Income Trust Price Performance

API opened at GBX 61.36 ($0.80) on Friday. The company has a 50 day moving average of GBX 59.42 and a two-hundred day moving average of GBX 55.08. The company has a quick ratio of 0.16, a current ratio of 3.47 and a debt-to-equity ratio of 47.99. abrdn Property Income Trust has a 52-week low of GBX 46.10 ($0.60) and a 52-week high of GBX 63 ($0.82). The company has a market cap of £233.92 million, a P/E ratio of -3,060.00 and a beta of 0.33.

Insider Buying and Selling

In other news, insider Jill May sold 128,592 shares of the business’s stock in a transaction on 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). 3.21% of the stock is currently owned by corporate insiders.

About abrdn Property Income Trust

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.