abrdn Asian Income Fund (LON:AAIF) Share Price Passes Above 50 Day Moving Average of $201.51

Shares of abrdn Asian Income Fund (LON:AAIFGet Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 201.51 ($2.53) and traded as high as GBX 209 ($2.62). abrdn Asian Income Fund shares last traded at GBX 208 ($2.61), with a volume of 704,227 shares trading hands.

abrdn Asian Income Fund Price Performance

The business’s 50-day moving average price is GBX 201.51 and its 200 day moving average price is GBX 198.49. The company has a quick ratio of 0.11, a current ratio of 0.18 and a debt-to-equity ratio of 10.37. The company has a market capitalization of £347.59 million, a P/E ratio of -20,800.00 and a beta of 0.69.

abrdn Asian Income Fund Increases Dividend

The business also recently announced a dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th were given a dividend of GBX 4.25 ($0.05) per share. The ex-dividend date was Thursday, January 25th. This is a positive change from abrdn Asian Income Fund’s previous dividend of $2.50. This represents a yield of 2.12%. abrdn Asian Income Fund’s payout ratio is presently -110,000.00%.

About abrdn Asian Income Fund

(Get Free Report)

Aberdeen Asian Income Fund Limited is a closed ended balanced mutual fund launched by Aberdeen Private Wealth Management Limited. It is managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in the public equity and fixed income markets of the Asia Pacific Region. It seeks to invest in the stocks of companies operating across diversified sectors.

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