abrdn Equity Income Trust plc (LON:AEI) Declares GBX 5.70 Dividend

abrdn Equity Income Trust plc (LON:AEI) declared a dividend on Tuesday, May 14th, Upcoming.Co.Uk reports. Investors of record on Thursday, May 23rd will be paid a dividend of GBX 5.70 ($0.07) per share on Thursday, June 27th. This represents a yield of 1.8%. The ex-dividend date is Thursday, May 23rd. The official announcement can be seen at this link.

abrdn Equity Income Trust Price Performance

Shares of LON AEI opened at GBX 321 ($4.08) on Wednesday. The company has a current ratio of 0.27, a quick ratio of 0.21 and a debt-to-equity ratio of 13.97. The stock has a market capitalization of £153.37 million, a PE ratio of 5,342.70 and a beta of 0.81. The stock’s fifty day simple moving average is GBX 293.85 and its two-hundred day simple moving average is GBX 293.81. abrdn Equity Income Trust has a 12-month low of GBX 260 ($3.30) and a 12-month high of GBX 337 ($4.28).

About abrdn Equity Income Trust

abrdn Equity Income Trust plc is a closed-ended equity mutual fund launched and managed by Standard Life Investments (Corporate Funds) Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in dividend paying growth stocks of companies.