North American Income Trust (LON:NAIT) Stock Passes Below 50 Day Moving Average of $287.38

North American Income Trust (LON:NAIT) passed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 287.38 ($3.58) and traded as low as GBX 280 ($3.49). North American Income Trust shares last traded at GBX 280 ($3.49), with a volume of 46,042 shares changing hands.

North American Income Trust Stock Down 0.3 %

The company has a quick ratio of 7.40, a current ratio of 1.99 and a debt-to-equity ratio of 8.72. The company has a market capitalization of £383.26 million, a price-to-earnings ratio of 14,000.00 and a beta of 0.70. The stock’s fifty day moving average price is GBX 287.38 and its 200-day moving average price is GBX 279.42.

North American Income Trust Increases Dividend

The company also recently announced 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. This represents a yield of 1.34%. This is an increase from North American Income Trust’s previous dividend of $2.60. The ex-dividend date is Thursday, April 11th. North American Income Trust’s payout ratio is presently 55,000.00%.

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.