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

abrdn Asian Income Fund (LON:AAIF) announced a dividend on Thursday, January 16th,Upcoming Dividends.Co.Uk reports. Shareholders of record on Thursday, January 23rd will be given 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 a boost from abrdn Asian Income Fund’s previous dividend of $2.55. The official announcement can be seen at this link.

abrdn Asian Income Fund Stock Performance

Shares of LON AAIF traded down GBX 0.61 ($0.01) during midday trading on Friday, hitting GBX 226.39 ($2.77). 300,978 shares of the stock traded hands, compared to its average volume of 245,742. The firm has a market capitalization of £353.22 million, a P/E ratio of 808.54 and a beta of 0.70. abrdn Asian Income Fund has a one year low of GBX 193 ($2.36) and a one year high of GBX 229 ($2.80). 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 firm has a 50-day moving average of GBX 220.45 and a two-hundred day moving average of GBX 217.05.

Insider Buying and Selling at abrdn Asian Income Fund

In other abrdn Asian Income Fund news, insider Ian Cadby purchased 8,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were acquired at an average cost of GBX 223 ($2.73) per share, for a total transaction of £17,840 ($21,827.97). 3.64% of the stock is owned by corporate insiders.

About abrdn Asian Income Fund

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