abrdn Asian Income Fund (LON:AAIF) Share Price Passes Above 50-Day Moving Average – Here’s Why

abrdn Asian Income Fund (LON:AAIF)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 216.44 ($2.81) and traded as high as GBX 219 ($2.84). abrdn Asian Income Fund shares last traded at GBX 216 ($2.80), with a volume of 306,191 shares changing hands.

abrdn Asian Income Fund Trading Down 0.5 %

The firm has a market cap of £337.00 million, a P/E ratio of 771.43 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 company’s fifty day moving average price is GBX 216.44 and its two-hundred day moving average price is GBX 213.90.

abrdn Asian Income Fund Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be issued a GBX 2.55 ($0.03) dividend. The ex-dividend date is Thursday, October 24th. This represents a yield of 1.16%. abrdn Asian Income Fund’s dividend payout ratio is currently 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.