Abrdn Emerging Markets Equity Income Fund Inc Plans Quarterly Dividend of $0.10 (NYSE:AEF)

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) declared a quarterly dividend on Thursday, September 14th, Wall Street Journal reports. Stockholders of record on Friday, September 22nd will be given a dividend of 0.10 per share on Friday, September 29th. This represents a $0.40 annualized dividend and a dividend yield of 7.86%. The ex-dividend date is Thursday, September 21st.

Abrdn Emerging Markets Equity Income Fund Stock Performance

NYSE AEF opened at $5.09 on Friday. Abrdn Emerging Markets Equity Income Fund has a twelve month low of $4.26 and a twelve month high of $5.83. The stock’s 50 day moving average is $5.20 and its 200 day moving average is $5.18.

Institutional Investors Weigh In On Abrdn Emerging Markets Equity Income Fund

Hedge funds have recently made changes to their positions in the company. Atria Wealth Solutions Inc. bought a new stake in shares of Abrdn Emerging Markets Equity Income Fund during the first quarter valued at approximately $74,000. UBS Group AG boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 33.6% during the third quarter. UBS Group AG now owns 20,130 shares of the company’s stock valued at $92,000 after purchasing an additional 5,066 shares in the last quarter. Vista Investment Management boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 7.1% during the first quarter. Vista Investment Management now owns 39,932 shares of the company’s stock valued at $270,000 after purchasing an additional 2,659 shares in the last quarter. Finally, Invesco Ltd. boosted its position in shares of Abrdn Emerging Markets Equity Income Fund by 5.7% during the first quarter. Invesco Ltd. now owns 57,808 shares of the company’s stock valued at $391,000 after purchasing an additional 3,121 shares in the last quarter. 57.75% of the stock is currently owned by institutional investors.

About Abrdn Emerging Markets Equity Income Fund

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.