abrdn Asian Income Fund (LON:AAIF - Get Free Report) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 226 ($2.79) and last traded at GBX 223 ($2.76), with a volume of 305706 shares trading hands. The stock had previously closed at GBX 222 ($2.74).
abrdn Asian Income Fund Trading Up 0.5 %
The business has a 50-day simple moving average of GBX 219.67 and a two-hundred day simple moving average of GBX 216.78. The stock has a market cap of £347.92 million, a price-to-earnings ratio of 796.43 and a beta of 0.70. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26.
abrdn Asian Income Fund Announces Dividend
The business also recently disclosed a dividend, which was paid on Friday, November 22nd. Stockholders of record on Thursday, October 24th were issued a GBX 2.55 ($0.03) dividend. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, October 24th. abrdn Asian Income Fund's payout ratio is 4,285.71%.
Insider Activity at abrdn Asian Income Fund
In other news, insider Ian Cadby bought 8,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 223 ($2.76) per share, for a total transaction of £17,840 ($22,051.92). 3.64% of the stock is owned by company insiders.
About abrdn Asian Income Fund
(
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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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