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

abrdn Asian Income Fund (LON:AAIF)’s share price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 216.46 ($2.82) and traded as high as GBX 220 ($2.86). abrdn Asian Income Fund shares last traded at GBX 220 ($2.86), with a volume of 307,782 shares changing hands.

abrdn Asian Income Fund Stock Performance

The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The firm has a market capitalization of £341.68 million, a PE ratio of 782.14 and a beta of 0.70. The company’s fifty day simple moving average is GBX 216.76 and its 200 day simple moving average is GBX 214.20.

abrdn Asian Income Fund Dividend Announcement

The firm also recently declared a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be paid a dividend of GBX 2.55 ($0.03) per share. This represents a dividend yield of 1.16%. The ex-dividend date is Thursday, October 24th. abrdn Asian Income Fund’s payout ratio is currently 4,285.71%.

About abrdn Asian Income Fund

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.