abrdn Asian Income Fund (LON:AAIF) Shares Cross Above 50-Day Moving Average – What’s Next?

Shares of abrdn Asian Income Fund (LON:AAIF) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 216.46 ($2.82) and traded as high as GBX 220 ($2.86). abrdn Asian Income Fund shares last traded at GBX 220 ($2.86), with a volume of 307,782 shares changing hands.

abrdn Asian Income Fund Price Performance

The company has a market capitalization of £336.91 million, a P/E ratio of 785.71 and a beta of 0.70. The business’s 50-day moving average is GBX 216.62 and its two-hundred day moving average is GBX 214.11. The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19.

abrdn Asian Income Fund Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th will be given a dividend of GBX 2.55 ($0.03) per share. The ex-dividend date is Thursday, October 24th. This represents a dividend yield of 1.16%. abrdn Asian Income Fund’s dividend payout ratio is currently 4,285.71%.

abrdn Asian Income Fund Company Profile

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors.