abrdn Asian Income Fund (LON:AAIF) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Shares of abrdn Asian Income Fund (LON:AAIF) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 222.55 ($2.81) and traded as high as GBX 224 ($2.83). abrdn Asian Income Fund shares last traded at GBX 222 ($2.80), with a volume of 226,063 shares trading hands.

abrdn Asian Income Fund Stock Up 0.9 %

The stock’s fifty day simple moving average is GBX 222.55 and its two-hundred day simple moving average is GBX 219.03. The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The company has a market capitalization of £334.29 million, a price-to-earnings ratio of 7.92 and a beta of 0.70.

abrdn Asian Income Fund Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd were paid a GBX 6.78 ($0.09) dividend. This is an increase from abrdn Asian Income Fund’s previous dividend of $2.55. This represents a yield of 2.99%. The ex-dividend date was Thursday, January 23rd. abrdn Asian Income Fund’s payout ratio is presently 42.42%.

About abrdn Asian Income Fund

Targeting the income and growth potential of Asia’s most compelling and sustainable companies.