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

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) declared a quarterly dividend on Wednesday, December 11th,Wall Street Journal reports. Shareholders 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 dividend yield of 7.25%. The ex-dividend date is Monday, December 30th.

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

Abrdn Emerging Markets Equity Income Fund Stock Up 3.8 %

Shares of NYSE:AEF traded up $0.20 during trading on Wednesday, hitting $5.52. 437,345 shares of the company were exchanged, compared to its average volume of 81,693. Abrdn Emerging Markets Equity Income Fund has a fifty-two week low of $4.72 and a fifty-two week high of $5.84. The firm has a fifty day moving average price of $5.43 and a two-hundred day moving average price of $5.35.

About Abrdn Emerging Markets Equity Income Fund

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.