abrdn Equity Income Trust (LON:AEI) Plans Dividend Increase – GBX 5.80 Per Share

abrdn Equity Income Trust (LON:AEI) announced a dividend on Thursday, November 28th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, December 5th will be given a dividend of GBX 5.80 ($0.07) per share on Friday, January 10th. This represents a yield of 1.77%. The ex-dividend date of this dividend is Thursday, December 5th. This is a boost from abrdn Equity Income Trust’s previous dividend of $5.70. The official announcement can be seen at this link.

abrdn Equity Income Trust Stock Up 0.3 %

LON AEI opened at GBX 325 ($4.13) on Friday. The firm has a market cap of £155.29 million, a PE ratio of -32,420.70 and a beta of 0.85. abrdn Equity Income Trust has a one year low of GBX 260 ($3.30) and a one year high of GBX 331.81 ($4.21). The stock’s 50 day simple moving average is GBX 320.79 and its 200 day simple moving average is GBX 317.93. The company has a debt-to-equity ratio of 14.25, a current ratio of 0.21 and a quick ratio of 0.21.

abrdn Equity Income Trust Company Profile

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.