Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Increases Dividend to $0.15 Per Share

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF - Get Free Report) announced a quarterly dividend on Tuesday, March 11th, Wall Street Journal reports. Stockholders of record on Tuesday, March 25th will be given a dividend of 0.15 per share on Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.70%. The ex-dividend date of this dividend is Tuesday, March 25th. This is a 50.0% increase from Abrdn Emerging Markets Equity Income Fund's previous quarterly dividend of $0.10.

Abrdn Emerging Markets Equity Income Fund has decreased its dividend by an average of 9.9% annually over the last three years.

Abrdn Emerging Markets Equity Income Fund Stock Performance

Abrdn Emerging Markets Equity Income Fund stock traded up $0.05 during mid-day trading on Friday, reaching $5.13. The stock had a trading volume of 61,638 shares, compared to its average volume of 281,642. Abrdn Emerging Markets Equity Income Fund has a one year low of $4.83 and a one year high of $5.84. The company has a 50-day moving average price of $5.29 and a two-hundred day moving average price of $5.37.

Abrdn Emerging Markets Equity Income Fund Company Profile

Abrdn Emerging Markets Equity Income Fund Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.