abrdn Diversified Income & Growth (LON:ADIG) Shares Down 0.9% – Here’s What Happened

abrdn Diversified Income & Growth (LON:ADIG)’s stock price was down 0.9% during trading on Monday . The company traded as low as GBX 42.60 ($0.56) and last traded at GBX 42.60 ($0.56). Approximately 744,624 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 678,999 shares. The stock had previously closed at GBX 43 ($0.56).

abrdn Diversified Income & Growth Price Performance

The company has a debt-to-equity ratio of 5.75, a current ratio of 3.12 and a quick ratio of 1.70. The firm has a market capitalization of £128.34 million, a price-to-earnings ratio of -2,130.00 and a beta of 0.31. The business’s fifty day simple moving average is GBX 44.15 and its 200 day simple moving average is GBX 62.25.

abrdn Diversified Income & Growth Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 1.95 ($0.03) per share. This represents a dividend yield of 4.33%. The ex-dividend date of this dividend is Thursday, September 26th. abrdn Diversified Income & Growth’s dividend payout ratio is currently -30,000.00%.

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.