North American Income Trust (LON:NAIT) Announces GBX 2.70 Dividend

North American Income Trust (LON:NAIT) declared a dividend on Monday, September 30th, Upcoming.Co.Uk reports. Shareholders of record on Thursday, October 10th will be given a dividend of GBX 2.70 ($0.04) per share on Thursday, October 31st. This represents a yield of 0.88%. The ex-dividend date is Thursday, October 10th. The official announcement can be accessed at this link.

North American Income Trust Price Performance

Shares of LON NAIT opened at GBX 319 ($4.17) on Tuesday. The company has a current ratio of 14.91, a quick ratio of 7.40 and a debt-to-equity ratio of 8.98. The company has a market capitalization of £413.55 million, a price-to-earnings ratio of -4,571.43 and a beta of 0.66. North American Income Trust has a twelve month low of GBX 254 ($3.32) and a twelve month high of GBX 320 ($4.19). The business has a 50 day simple moving average of GBX 305.14 and a 200-day simple moving average of GBX 297.07.

Insiders Place Their Bets

In other North American Income Trust news, insider Patrick Edwardson bought 83,755 shares of the company’s stock in a transaction on Wednesday, July 17th. The shares were bought at an average cost of GBX 297 ($3.89) per share, with a total value of £248,752.35 ($325,549.47). Insiders acquired a total of 200,000 shares of company stock valued at $59,700,000 over the last 90 days. 8.11% of the stock is owned by company insiders.

About North American Income Trust

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.