abrdn European Logistics Income (LON:ASLI) Trading Down 0.7% – What’s Next?

abrdn European Logistics Income plc (LON:ASLI) dropped 0.7% during trading on Monday . The company traded as low as GBX 60 ($0.75) and last traded at GBX 60.40 ($0.75). Approximately 359,652 shares were traded during mid-day trading, a decline of 68% from the average daily volume of 1,114,823 shares. The stock had previously closed at GBX 60.80 ($0.76).

abrdn European Logistics Income Price Performance

The company has a market cap of £248.95 million, a price-to-earnings ratio of -355.29, a P/E/G ratio of 9.27 and a beta of 0.38. The company has a current ratio of 3.10, a quick ratio of 4.22 and a debt-to-equity ratio of 72.97. The business has a 50-day moving average price of GBX 58.47 and a 200 day moving average price of GBX 59.68.

abrdn European Logistics Income Increases Dividend

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

About abrdn European Logistics Income

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