Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE:AEF) to Issue Quarterly Dividend of $0.16

Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE:AEF) declared a quarterly dividend on Wednesday, June 9th, Zacks reports. Investors of record on Wednesday, June 23rd will be paid a dividend of 0.16 per share on Wednesday, June 30th. This represents a $0.64 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend is Tuesday, June 22nd. This is a positive change from Aberdeen Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.06.

Shares of Aberdeen Emerging Markets Equity Income Fund stock opened at $9.15 on Friday. The firm’s 50 day moving average is $8.73. Aberdeen Emerging Markets Equity Income Fund has a twelve month low of $5.89 and a twelve month high of $9.18.

In other Aberdeen Emerging Markets Equity Income Fund news, Director Rahn K. Porter bought 5,793 shares of Aberdeen Emerging Markets Equity Income Fund stock in a transaction on Monday, April 26th. The stock was acquired at an average cost of $8.64 per share, with a total value of $50,051.52. Following the completion of the acquisition, the director now owns 10,608 shares in the company, valued at $91,653.12. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Bill Maher bought 7,000 shares of Aberdeen Emerging Markets Equity Income Fund stock in a transaction on Monday, April 19th. The shares were acquired at an average cost of $8.68 per share, with a total value of $60,760.00. Following the completion of the acquisition, the director now owns 12,353 shares of the company’s stock, valued at approximately $107,224.04. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 19,793 shares of company stock valued at $170,942. 16.70% of the stock is owned by corporate insiders.

Aberdeen Emerging Markets Equity Income Fund Company Profile

Aberdeen 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.

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