abrdn Diversified Income & Growth (LON:ADIG) Trading Down 44%

abrdn Diversified Income & Growth (LON:ADIG) dropped 44% during trading on Wednesday . The stock traded as low as GBX 44 ($0.56) and last traded at GBX 46.40 ($0.59). Approximately 2,536,103 shares traded hands during mid-day trading, an increase of 319% from the average daily volume of 605,755 shares. The stock had previously closed at GBX 82.80 ($1.05).

abrdn Diversified Income & Growth Stock Performance

The firm has a market capitalization of £135.27 million, a price-to-earnings ratio of -3,990.00 and a beta of 0.38. The company has a quick ratio of 1.70, a current ratio of 3.08 and a debt-to-equity ratio of 4.63. The stock’s fifty day moving average is GBX 80.28 and its two-hundred day moving average is GBX 78.23.

abrdn Diversified Income & Growth Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Wednesday, July 3rd will be given a dividend of GBX 38 ($0.48) per share. This represents a yield of 46.74%. The ex-dividend date of this dividend is Wednesday, July 3rd. This is an increase from abrdn Diversified Income & Growth’s previous dividend of $1.42.

Insider Activity

In other abrdn Diversified Income & Growth news, insider Tom Challenor purchased 23,695 shares of the company’s stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average price of GBX 74 ($0.94) per share, for a total transaction of £17,534.30 ($22,178.47). Insiders own 11.70% of the company’s stock.

abrdn Diversified Income & Growth Company Profile

Abrdn Diversified Income And Growth Plc is a closed ended balanced mutual fund launched by BlackRock Fund Managers Limited. The fund is co-managed by BlackRock Investment Management (UK) Limited and Aberdeen Fund Managers Limited. It invests in public equity and fixed income markets across the globe.