Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Declares Monthly Dividend of $0.03

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) declared a monthly dividend on Thursday, November 9th, NASDAQ reports. Shareholders of record on Wednesday, November 22nd will be given a dividend of 0.0275 per share by the investment management company on Thursday, November 30th. This represents a $0.33 annualized dividend and a yield of 12.31%. The ex-dividend date of this dividend is Tuesday, November 21st.

Abrdn Asia-Pacific Income Fund has decreased its dividend by an average of 2.2% per year over the last three years.

Abrdn Asia-Pacific Income Fund Stock Performance

FAX stock opened at $2.68 on Friday. Abrdn Asia-Pacific Income Fund has a 12 month low of $2.33 and a 12 month high of $2.92.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

A number of institutional investors have recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new position in shares of Abrdn Asia-Pacific Income Fund in the first quarter valued at approximately $9,956,000. Evergreen Capital Management LLC grew its stake in Abrdn Asia-Pacific Income Fund by 45.6% in the 4th quarter. Evergreen Capital Management LLC now owns 3,826,314 shares of the investment management company’s stock worth $10,167,000 after acquiring an additional 1,197,922 shares during the period. Atria Wealth Solutions Inc. acquired a new position in Abrdn Asia-Pacific Income Fund in the 1st quarter valued at $2,553,000. Quantedge Capital Pte Ltd lifted its stake in shares of Abrdn Asia-Pacific Income Fund by 736.1% during the 1st quarter. Quantedge Capital Pte Ltd now owns 651,072 shares of the investment management company’s stock worth $2,201,000 after purchasing an additional 573,200 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Abrdn Asia-Pacific Income Fund by 23.4% during the fourth quarter. Wells Fargo & Company MN now owns 2,458,441 shares of the investment management company’s stock worth $6,466,000 after purchasing an additional 466,271 shares during the last quarter. 22.56% of the stock is owned by institutional investors and hedge funds.

About Abrdn Asia-Pacific Income Fund

Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.