abrdn Asian Income Fund (LON:AAIF) Reaches New 12-Month High - Should You Buy?

abrdn Asian Income Fund (LON:AAIF - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 226 ($2.93) and last traded at GBX 222 ($2.88), with a volume of 320747 shares changing hands. The stock had previously closed at GBX 222 ($2.88).

abrdn Asian Income Fund Stock Performance

The company has a market capitalization of £346.36 million, a PE ratio of 792.86 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 firm's 50-day simple moving average is GBX 215.78 and its 200-day simple moving average is GBX 213.62.

abrdn Asian Income Fund Announces Dividend

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