abrdn Asian Income Fund (LON:AAIF) Sets New 12-Month High – What’s Next?

abrdn Asian Income Fund (LON:AAIF)’s share price reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 224 ($2.84) and last traded at GBX 218 ($2.77), with a volume of 178018 shares traded. The stock had previously closed at GBX 220 ($2.79).

abrdn Asian Income Fund Trading Up 0.1 %

The stock has a market cap of £338.81 million, a PE ratio of 775.00 and a beta of 0.70. The business has a 50-day moving average of GBX 219.08 and a 200 day moving average of GBX 215.20. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26.

abrdn Asian Income Fund Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were paid a GBX 2.55 ($0.03) dividend. This represents a yield of 1.16%. The ex-dividend date of this dividend was Thursday, October 24th. abrdn Asian Income Fund’s payout ratio is 4,285.71%.

Insiders Place Their Bets

In other abrdn Asian Income Fund news, insider Ian Cadby purchased 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were purchased at an average cost of GBX 223 ($2.83) per share, with a total value of £17,840 ($22,645.34). 3.64% of the stock is owned by corporate insiders.

About abrdn Asian Income Fund

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.