abrdn Asian Income Fund (LON:AAIF) Hits New 12-Month Low - Here's What Happened

abrdn Asian Income Fund (LON:AAIF - Get Free Report) shares reached a new 52-week low on Friday . The company traded as low as GBX 191.01 ($2.44) and last traded at GBX 195 ($2.49), with a volume of 325825 shares traded. The stock had previously closed at GBX 204 ($2.61).

abrdn Asian Income Fund Stock Performance

The firm has a market cap of £279.08 million, a P/E ratio of 6.61 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 50-day moving average is GBX 214.45 and its two-hundred day moving average is GBX 218.46.

abrdn Asian Income Fund (LON:AAIF - Get Free Report) last posted its earnings results on Wednesday, March 26th. The company reported GBX 11.35 ($0.15) earnings per share for the quarter. abrdn Asian Income Fund had a return on equity of 11.73% and a net margin of 85.32%.

abrdn Asian Income Fund Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd were paid a GBX 6.78 ($0.09) dividend. This is a positive change from abrdn Asian Income Fund's previous dividend of $2.55. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a dividend yield of 2.99%. abrdn Asian Income Fund's dividend payout ratio is presently 42.42%.

abrdn Asian Income Fund Company Profile

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