Picton Property Income Limited (LON:PCTN) Raises Dividend to GBX 0.93 Per Share

Picton Property Income Limited (LON:PCTN) announced a dividend on Wednesday, May 1st, Upcoming.Co.Uk reports. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 0.93 ($0.01) per share on Friday, May 31st. This represents a yield of 1.4%. The ex-dividend date is Thursday, May 9th. This is a boost from Picton Property Income’s previous dividend of $0.88. The official announcement can be seen at this link.

Picton Property Income Stock Performance

PCTN stock opened at GBX 67.34 ($0.85) on Wednesday. The stock has a market capitalization of £367.16 million, a PE ratio of -448.94 and a beta of 0.42. The stock’s 50 day simple moving average is GBX 63.93 and its 200 day simple moving average is GBX 65.30. Picton Property Income has a 12-month low of GBX 60.30 ($0.76) and a 12-month high of GBX 80.40 ($1.01). The company has a current ratio of 2.19, a quick ratio of 2.25 and a debt-to-equity ratio of 42.44.

About Picton Property Income

Picton, established in 2005, is a UK REIT. It owns and actively manages a £757 million diversified UK commercial property portfolio, invested across 49 assets and with around 400 occupiers (as at 30 September 2023). Through an occupier focused, opportunity led approach to asset management, Picton aims to be one of the consistently best performing diversified UK focused property companies listed on the main market of the London Stock Exchange.