North American Income Trust (LON:NAIT) Hits New 12-Month High – What’s Next?

North American Income Trust (LON:NAIT) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 352 ($4.43) and last traded at GBX 350 ($4.40), with a volume of 195394 shares. The stock had previously closed at GBX 349 ($4.39).

North American Income Trust Price Performance

The company has a debt-to-equity ratio of 8.54, a current ratio of 12.03 and a quick ratio of 7.40. The company’s 50-day moving average is GBX 337.21 and its 200-day moving average is GBX 324.56. The firm has a market capitalization of £419.14 million, a price-to-earnings ratio of 8.40 and a beta of 0.66.

North American Income Trust Announces Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were paid a dividend of GBX 2.70 ($0.03) per share. The ex-dividend date was Thursday, January 2nd. This represents a dividend yield of 0.81%. North American Income Trust’s dividend payout ratio is presently 29.54%.

Insider Transactions at North American Income Trust

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 price of GBX 344 ($4.33) per share, with a total value of £326,800 ($411,224.36). Insiders own 8.11% of the company’s stock.

North American Income Trust Company Profile

Leading US companies picked for their higher income potential