abrdn European Logistics Income (LON:ASLI) Trading 2.5% Higher – Here’s Why

Shares of abrdn European Logistics Income plc (LON:ASLI) rose 2.5% on Thursday . The company traded as high as GBX 58.40 ($0.72) and last traded at GBX 58.40 ($0.72). Approximately 860,657 shares traded hands during trading, a decline of 26% from the average daily volume of 1,170,901 shares. The stock had previously closed at GBX 57 ($0.70).

abrdn European Logistics Income Trading Up 2.5 %

The firm has a market capitalization of £240.71 million, a PE ratio of -343.53, a price-to-earnings-growth ratio of 9.27 and a beta of 0.38. The company has a quick ratio of 4.22, a current ratio of 3.10 and a debt-to-equity ratio of 72.97. The company’s 50-day simple moving average is GBX 58.44 and its 200 day simple moving average is GBX 59.95.

abrdn European Logistics Income Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Thursday, December 5th were paid a dividend of GBX 0.87 ($0.01) per share. This represents a dividend yield of 1.51%. The ex-dividend date of this dividend was Thursday, December 5th. This is a positive change from abrdn European Logistics Income’s previous dividend of $0.77. abrdn European Logistics Income’s payout ratio is -2,941.18%.

abrdn European Logistics Income Company Profile

Capturing long-term income potential from logistics real estate in Europe