abrdn Asian Income Fund (LON:AAIF) Announces Quarterly Earnings Results

abrdn Asian Income Fund (LON:AAIF) announced its earnings results on Wednesday. The company reported GBX 11.35 ($0.15) earnings per share (EPS) for the quarter, Digital Look Earnings reports. abrdn Asian Income Fund had a return on equity of 11.73% and a net margin of 85.32%.

abrdn Asian Income Fund Stock Performance

AAIF traded down GBX 0.46 ($0.01) during trading hours on Thursday, hitting GBX 215.54 ($2.78). 125,856 shares of the stock were exchanged, compared to its average volume of 273,899. The stock has a market cap of £321.67 million, a price-to-earnings ratio of 7.62 and a beta of 0.70. The stock has a 50-day simple moving average of GBX 220.74 and a 200-day simple moving average of GBX 219.55. The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. abrdn Asian Income Fund has a 12 month low of GBX 197 ($2.54) and a 12 month high of GBX 234.42 ($3.02).

abrdn Asian Income Fund Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd were given a GBX 6.78 ($0.09) dividend. This is a positive change from abrdn Asian Income Fund’s previous dividend of $2.55. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a dividend yield of 2.99%. abrdn Asian Income Fund’s dividend payout ratio (DPR) is presently 42.42%.

abrdn Asian Income Fund Company Profile

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