Alternative Income REIT (LON:AIRE) Raises Dividend to GBX 1.63 Per Share

Alternative Income REIT (LON:AIRE) announced a dividend on Thursday, August 8th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, August 15th will be paid a dividend of GBX 1.63 ($0.02) per share on Friday, August 30th. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from Alternative Income REIT’s previous dividend of $1.43. The official announcement can be seen at this link.

Alternative Income REIT Stock Up 0.2 %

LON AIRE traded up GBX 0.15 ($0.00) during mid-day trading on Wednesday, reaching GBX 70.75 ($0.90). 55,002 shares of the company’s stock traded hands, compared to its average volume of 90,755. The company has a current ratio of 3.27, a quick ratio of 2.07 and a debt-to-equity ratio of 62.06. The company has a fifty day simple moving average of GBX 69.14 and a 200-day simple moving average of GBX 68.02. Alternative Income REIT has a 1-year low of GBX 54.60 ($0.70) and a 1-year high of GBX 75 ($0.96). The company has a market cap of £56.95 million, a price-to-earnings ratio of 2,353.33 and a beta of 0.81.

Alternative Income REIT Company Profile

Alternative Income REIT plc aims to generate a sustainable, secure and attractive income return for shareholders from a diversified portfolio of UK property investments, predominately in alternative and specialist sectors. The majority of the assets in the Group's portfolio are let on long leases which contain inflation linked rent review provisions.