North American Income Trust (LON:NAIT) Hits New 1-Year High Following Dividend Announcement

North American Income Trust (LON:NAIT) shares reached a new 52-week high on Thursday after the company announced a dividend. The company traded as high as GBX 294 ($3.72) and last traded at GBX 293.56 ($3.71), with a volume of 387505 shares. The stock had previously closed at GBX 290 ($3.66).

The newly announced dividend which will be paid on Friday, May 3rd. Investors of record on Thursday, April 11th will be issued a GBX 3.90 ($0.05) dividend. This is a boost from North American Income Trust’s previous dividend of $2.60. The ex-dividend date is Thursday, April 11th. This represents a yield of 1.34%. North American Income Trust’s dividend payout ratio (DPR) is 55,000.00%.

North American Income Trust Price Performance

The company has a market capitalization of £403.20 million, a PE ratio of 14,512.00 and a beta of 0.70. The company has a current ratio of 1.99, a quick ratio of 7.40 and a debt-to-equity ratio of 8.72. The stock has a fifty day simple moving average of GBX 286.30 and a 200-day simple moving average of GBX 278.44.

North American Income Trust Company Profile

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.