North American Income Trust (LON:NAIT) Reaches New 12-Month High Following Dividend Announcement

North American Income Trust (LON:NAIT) shares hit a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as GBX 299 ($3.79) and last traded at GBX 299 ($3.79), with a volume of 158091 shares trading hands. The stock had previously closed at GBX 296 ($3.75).

The newly announced dividend which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 4th will be given a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date is Thursday, July 4th. This represents a dividend yield of 0.91%. North American Income Trust’s payout ratio is 55,000.00%.

North American Income Trust Price Performance

The stock’s 50-day simple moving average is GBX 291.32 and its 200 day simple moving average is GBX 287.94. The company has a quick ratio of 7.40, a current ratio of 1.99 and a debt-to-equity ratio of 8.72. The company has a market cap of £410.68 million, a price-to-earnings ratio of 14,950.00 and a beta of 0.70.

Insider Buying and Selling at North American Income Trust

In other North American Income Trust news, insider Charles Park purchased 10,000 shares of North American Income Trust stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of GBX 293 ($3.72) per share, with a total value of £29,300 ($37,168.59). In other North American Income Trust news, insider Charles Park purchased 10,000 shares of North American Income Trust stock in a transaction dated Tuesday, June 4th. The shares were acquired at an average price of GBX 293 ($3.72) per share, with a total value of £29,300 ($37,168.59). Also, insider Susannah Nicklin purchased 856 shares of North American Income Trust stock in a transaction dated Friday, May 31st. The shares were acquired at an average cost of GBX 289 ($3.67) per share, for a total transaction of £2,473.84 ($3,138.20). 8.10% of the stock is currently owned by corporate insiders.

About North American Income Trust

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.