abrdn Diversified Income & Growth PLC on Wednesday reported a decline in net asset value.
The Edinburgh-based investor across asset classes said net asset value per share as at September 30 fell 4.3% to 112.59 pence from 117.63p a year prior. Its market capitalisation declined by 9.1% to £251.9 million from £277.0 million.
The company declared a dividend per share of 7.33p, up 31% from 5.60p a year prior.
Looking ahead, the firm highlights its planned managed wind down ‘which seeks to optimise shareholder value.’ It expects to return about £115 million to shareholders in the first half of 2024.
abrdn Diversified Income shares were 0.6% lower at 80.88 pence each on Wednesday afternoon in London.
Copyright 2024 Alliance News Ltd. All Rights Reserved.
