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

abrdn European Logistics Income plc (LON:ASLI)’s share price shot up 2.5% during mid-day trading on Thursday . The stock traded as high as GBX 58.40 ($0.72) and last traded at GBX 58.40 ($0.72). 860,657 shares changed hands during trading, a decline of 26% from the average session 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 company has a 50-day moving average price of GBX 58.44 and a 200-day moving average price of GBX 59.95. The company has a debt-to-equity ratio of 72.97, a quick ratio of 4.22 and a current ratio of 3.10. The firm has a market capitalization of £240.71 million, a price-to-earnings ratio of -343.53, a PEG ratio of 9.27 and a beta of 0.38.

abrdn European Logistics Income Increases Dividend

The company also recently disclosed 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 of this dividend was Thursday, December 5th. This represents a yield of 1.51%. This is a boost from abrdn European Logistics Income’s previous dividend of $0.77. abrdn European Logistics Income’s payout ratio is currently -2,941.18%.

abrdn European Logistics Income Company Profile

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