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 Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be paid a dividend of 0.10 per share on Friday, January 10th. This represents a $0.40 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Monday, December 30th.

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

Abrdn Emerging Markets Equity Income Fund Stock Up 3.8 %

NYSE:AEF traded up $0.20 on Wednesday, reaching $5.52. 464,749 shares of the company’s stock were exchanged, compared to its average volume of 81,867. The business has a fifty day moving average of $5.43 and a 200-day moving average of $5.35. Abrdn Emerging Markets Equity Income Fund has a 52-week low of $4.72 and a 52-week high of $5.84.

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.