abrdn Diversified Income & Growth (LON:ADIG) Increases Dividend to GBX 38 Per Share

abrdn Diversified Income & Growth (LON:ADIG) declared a dividend on Monday, June 17th, Upcoming.Co.Uk reports. Stockholders of record on Wednesday, July 3rd will be paid a dividend of GBX 38 ($0.48) per share on Wednesday, July 10th. This represents a dividend yield of 46.74%. The ex-dividend date is Wednesday, July 3rd. This is a boost from abrdn Diversified Income & Growth’s previous dividend of $1.42. The official announcement can be seen at this link.

abrdn Diversified Income & Growth Stock Up 0.2 %

Shares of ADIG opened at GBX 82 ($1.04) on Tuesday. The business’s 50 day moving average is GBX 79.99 and its 200 day moving average is GBX 78.23. The company has a current ratio of 3.08, a quick ratio of 1.70 and a debt-to-equity ratio of 4.63. abrdn Diversified Income & Growth has a 12-month low of GBX 70.29 ($0.89) and a 12-month high of GBX 88 ($1.11). The company has a market capitalization of £247.04 million, a PE ratio of -3,990.00 and a beta of 0.38.

Insider Buying and Selling at abrdn Diversified Income & Growth

In related news, insider Tom Challenor bought 23,695 shares of the stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of GBX 74 ($0.94) per share, with a total value 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.