North American Income Trust (LON:NAIT) Stock Passes Below 50 Day Moving Average of $286.51

North American Income Trust (LON:NAIT)’s stock price crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 286.51 ($3.60) and traded as low as GBX 282.44 ($3.55). North American Income Trust shares last traded at GBX 285 ($3.58), with a volume of 178,600 shares.

North American Income Trust Stock Performance

The firm’s 50-day moving average price is GBX 286.51 and its 200 day moving average price is GBX 280.40. The company has a debt-to-equity ratio of 8.72, a quick ratio of 7.40 and a current ratio of 1.99. The company has a market cap of £392.10 million, a price-to-earnings ratio of 14,250.00 and a beta of 0.70.

North American Income Trust Increases Dividend

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

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.