abrdn Asian Income Fund (LON:AAIF) to Issue Dividend of GBX 6.78

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 paid a dividend of GBX 6.78 ($0.08) per share on Friday, February 21st. This represents a yield of 2.99%. The ex-dividend date is Thursday, January 23rd. This is an increase from abrdn Asian Income Fund’s previous dividend of $2.55. The official announcement can be viewed at this link.

abrdn Asian Income Fund Stock Performance

Shares of AAIF opened at GBX 231.61 ($2.86) on Tuesday. The stock has a 50-day moving average of GBX 220.79 and a two-hundred day moving average of GBX 217.22. abrdn Asian Income Fund has a one year low of GBX 193.25 ($2.38) and a one year high of GBX 234.42 ($2.89). The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26. The stock has a market cap of £361.36 million, a P/E ratio of 827.19 and a beta of 0.70.

Insider Activity

In other news, insider Ian Cadby acquired 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was bought at an average cost of GBX 223 ($2.75) per share, for a total transaction of £17,840 ($21,997.53). Insiders own 3.64% of the company’s stock.

About abrdn Asian Income Fund

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