North American Income Trust (LON:NAIT) Raises Dividend to GBX 6.90 Per Share

North American Income Trust (LON:NAIT) declared a dividend on Monday, March 24th, Upcoming Dividends.Co.Uk reports. Stockholders of record on Thursday, March 27th will be paid a dividend of GBX 6.90 ($0.09) per share on Monday, March 31st. This represents a dividend yield of 2.56%. The ex-dividend date is Thursday, March 27th. This is a 155.6% increase from North American Income Trust’s previous dividend of $2.70. The official announcement can be accessed at this link.

North American Income Trust Stock Up 0.3 %

NAIT opened at GBX 325.13 ($4.20) on Monday. The business’s fifty day simple moving average is GBX 338.37 and its 200 day simple moving average is GBX 329.35. North American Income Trust has a 52 week low of GBX 276 ($3.56) and a 52 week high of GBX 352 ($4.55). The firm has a market cap of £399.23 million, a P/E ratio of 8.00 and a beta of 0.66. The company has a quick ratio of 7.40, a current ratio of 12.03 and a debt-to-equity ratio of 8.54.

Insider Activity

In other North American Income Trust news, insider Charles Park bought 95,000 shares of the company’s stock in a transaction that occurred on Thursday, January 30th. The stock was purchased at an average cost of GBX 344 ($4.44) per share, for a total transaction of £326,800 ($422,004.13). Company insiders own 8.11% of the company’s stock.

About North American Income Trust

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