abrdn Asian Income Fund (LON:AAIF) Raises Dividend to GBX 6.78 Per Share

abrdn Asian Income Fund (LON:AAIF) declared a dividend on Thursday, January 16th,Upcoming Dividends.Co.Uk reports. Investors of record on Thursday, January 23rd will be given a dividend of GBX 6.78 ($0.08) per share on Friday, February 21st. This represents a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, January 23rd. This is a boost from abrdn Asian Income Fund’s previous dividend of $2.55. The official announcement can be seen at this link.

abrdn Asian Income Fund Price Performance

LON:AAIF opened at GBX 226.39 ($2.77) on Friday. The firm has a market cap of £353.22 million, a P/E ratio of 808.54 and a beta of 0.70. The stock has a 50 day moving average of GBX 220.45 and a two-hundred day moving average of GBX 217.05. abrdn Asian Income Fund has a 12 month low of GBX 193 ($2.36) and a 12 month high of GBX 229 ($2.80). The company has a current ratio of 0.26, a quick ratio of 0.11 and a debt-to-equity ratio of 8.19.

Insider Activity at abrdn Asian Income Fund

In other abrdn Asian Income Fund news, insider Ian Cadby bought 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of GBX 223 ($2.73) per share, with a total value of £17,840 ($21,827.97). 3.64% of the stock is owned by corporate insiders.

About abrdn Asian Income Fund

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