abrdn Asian Income Fund (LON:AAIF) Reaches New 1-Year High at $223.00

Shares of abrdn Asian Income Fund (LON:AAIF) hit a new 52-week high on Thursday . The stock traded as high as GBX 223 ($2.99) and last traded at GBX 221 ($2.96), with a volume of 379128 shares traded. The stock had previously closed at GBX 219 ($2.93).

abrdn Asian Income Fund Stock Up 0.9 %

The firm has a market cap of £344.80 million, a P/E ratio of 785.79 and a beta of 0.70. The company has a current ratio of 0.26, a quick ratio of 0.11 and a debt-to-equity ratio of 8.19. The business has a 50-day moving average price of GBX 212.40 and a 200-day moving average price of GBX 211.48.

abrdn Asian Income Fund Dividend Announcement

The firm also recently announced a dividend, which was paid on Friday, August 23rd. Shareholders of record on Thursday, July 25th were issued a dividend of GBX 2.55 ($0.03) per share. This represents a yield of 1.17%. The ex-dividend date of this dividend was Thursday, July 25th. abrdn Asian Income Fund’s payout ratio is 4,285.71%.

abrdn Asian Income Fund Company Profile

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.