abrdn Asian Income Fund (LON:AAIF) Share Price Crosses Below 50 Day Moving Average of $199.06

Shares of abrdn Asian Income Fund (LON:AAIFGet Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 199.06 ($2.51) and traded as low as GBX 196 ($2.48). abrdn Asian Income Fund shares last traded at GBX 198 ($2.50), with a volume of 228,331 shares trading hands.

abrdn Asian Income Fund Stock Performance

The company has a market capitalization of £334.16 million, a price-to-earnings ratio of -19,800.00 and a beta of 0.69. The company has a debt-to-equity ratio of 10.37, a quick ratio of 0.11 and a current ratio of 0.18. The firm has a 50-day simple moving average of GBX 199.06 and a two-hundred day simple moving average of GBX 197.76.

abrdn Asian Income Fund Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, January 25th will be given a GBX 4.25 ($0.05) dividend. This is an increase from abrdn Asian Income Fund’s previous dividend of $2.50. This represents a yield of 2.12%. The ex-dividend date of this dividend is Thursday, January 25th. abrdn Asian Income Fund’s payout ratio is currently -110,000.00%.

About abrdn Asian Income Fund

(Get Free Report)

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.

See Also

Receive News & Ratings for abrdn Asian Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for abrdn Asian Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.