abrdn Asian Income Fund (LON:AAIF) Issues Earnings Results

abrdn Asian Income Fund (LON:AAIF) announced its quarterly earnings results on Wednesday. The company reported GBX 11.35 ($0.15) earnings per share (EPS) for the quarter, Digital Look Earnings reports. abrdn Asian Income Fund had a return on equity of 11.73% and a net margin of 85.32%.

abrdn Asian Income Fund Stock Down 0.9 %

LON AAIF traded down GBX 1.95 ($0.03) on Friday, reaching GBX 213.05 ($2.76). The company had a trading volume of 239,918 shares, compared to its average volume of 274,396. The firm has a market capitalization of £317.95 million, a PE ratio of 7.53 and a beta of 0.70. The firm has a 50-day moving average of GBX 220.53 and a 200-day moving average of GBX 219.53. abrdn Asian Income Fund has a 1 year low of GBX 197 ($2.55) and a 1 year high of GBX 234.42 ($3.03). The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11.

abrdn Asian Income Fund Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were given a dividend of GBX 6.78 ($0.09) per share. The ex-dividend date was Thursday, January 23rd. This is a positive change from abrdn Asian Income Fund’s previous dividend of $2.55. This represents a yield of 2.99%. abrdn Asian Income Fund’s payout ratio is 42.42%.

About abrdn Asian Income Fund

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