abrdn Asian Income Fund (LON:AAIF) Sets New 1-Year High – Here’s What Happened

abrdn Asian Income Fund (LON:AAIF) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 234 ($2.92) and last traded at GBX 233 ($2.91), with a volume of 145859 shares changing hands. The stock had previously closed at GBX 232 ($2.90).

abrdn Asian Income Fund Trading Up 0.4 %

The firm has a market cap of £354.17 million, a price-to-earnings ratio of 810.71 and a beta of 0.70. The company’s 50-day moving average price is GBX 221.47 and its 200-day moving average price is GBX 217.57. The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19.

abrdn Asian Income Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd will be paid a dividend of GBX 6.78 ($0.08) per share. This is a positive change from abrdn Asian Income Fund’s previous dividend of $2.55. This represents a yield of 2.99%. The ex-dividend date is Thursday, January 23rd. abrdn Asian Income Fund’s payout ratio is 4,285.71%.

Insider Buying and Selling at abrdn Asian Income Fund

In other abrdn Asian Income Fund news, insider Ian Cadby purchased 8,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were purchased at an average cost of GBX 223 ($2.78) per share, with a total value of £17,840 ($22,274.94). Insiders own 3.64% of the company’s stock.

About abrdn Asian Income Fund

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