abrdn European Logistics Income (LON:ASLI) Stock Price Down 0.7% – Here’s What Happened

abrdn European Logistics Income plc (LON:ASLI)’s stock price dropped 0.7% on Monday . The stock traded as low as GBX 60 ($0.75) and last traded at GBX 60.40 ($0.75). Approximately 359,652 shares traded hands during 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 Stock Performance

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 firm’s fifty day moving average price is GBX 58.47 and its two-hundred day moving average price is GBX 59.68. The stock has a market capitalization of £248.95 million, a PE ratio of -355.29, a price-to-earnings-growth ratio of 9.27 and a beta of 0.38.

abrdn European Logistics Income Increases Dividend

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

abrdn European Logistics Income Company Profile

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