abrdn Diversified Income & Growth (LON:ADIG) Stock Price Down 44%

abrdn Diversified Income & Growth (LON:ADIG) traded down 44% during trading on Wednesday . The stock traded as low as GBX 44 ($0.56) and last traded at GBX 46.40 ($0.59). 2,536,103 shares were traded during trading, an increase of 319% from the average session volume of 605,755 shares. The stock had previously closed at GBX 82.80 ($1.05).

abrdn Diversified Income & Growth Stock Performance

The company has a 50-day moving average price of GBX 79.68 and a two-hundred day moving average price of GBX 78. The stock has a market capitalization of £134.98 million, a P/E ratio of -3,990.00 and a beta of 0.38. The company has a quick ratio of 1.70, a current ratio of 3.08 and a debt-to-equity ratio of 4.63.

abrdn Diversified Income & Growth Increases Dividend

The business also recently declared a dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Wednesday, July 3rd will be given a dividend of GBX 38 ($0.48) per share. The ex-dividend date is Wednesday, July 3rd. This is a boost from abrdn Diversified Income & Growth’s previous dividend of $1.42. This represents a dividend yield of 46.74%.

Insider Activity

In related news, insider Tom Challenor purchased 23,695 shares of the firm’s stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average cost of GBX 74 ($0.94) per share, for a total transaction of £17,534.30 ($22,178.47). Company insiders own 11.70% of the company’s stock.

About abrdn Diversified Income & Growth

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.