Abrdn Emerging Markets Equity Income Fund Inc Announces Quarterly Dividend of $0.10 (NYSE:AEF)

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) announced a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Investors of record on Monday, December 30th will be given a dividend of 0.10 per share on Friday, January 10th. This represents a $0.40 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Monday, December 30th.

Abrdn Emerging Markets Equity Income Fund has increased its dividend by an average of 26.1% annually over the last three years.

Abrdn Emerging Markets Equity Income Fund Stock Performance

AEF traded up $0.20 during trading on Wednesday, hitting $5.52. The stock had a trading volume of 437,345 shares, compared to its average volume of 81,693. The company has a 50 day moving average price of $5.43 and a 200-day moving average price of $5.35. Abrdn Emerging Markets Equity Income Fund has a one year low of $4.72 and a one year high of $5.84.

Abrdn Emerging Markets Equity Income Fund Company Profile

Abrdn Emerging Markets Equity Income Fund Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.