abrdn Asian Income Fund (LON:AAIF) Hits New 12-Month High – Here’s What Happened

abrdn Asian Income Fund (LON:AAIF) reached a new 52-week high on Wednesday . The company traded as high as GBX 226 ($2.82) and last traded at GBX 223 ($2.78), with a volume of 305706 shares trading hands. The stock had previously closed at GBX 222 ($2.77).

abrdn Asian Income Fund Stock Performance

The company has a 50 day simple moving average of GBX 219.44 and a 200-day simple moving average of GBX 216.74. The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The stock has a market cap of £347.92 million, a P/E ratio of 796.43 and a beta of 0.70.

abrdn Asian Income Fund Announces Dividend

The company also recently announced a dividend, which was paid on Friday, November 22nd. Investors of record on Thursday, October 24th were given a GBX 2.55 ($0.03) dividend. The ex-dividend date was Thursday, October 24th. This represents a yield of 1.16%. 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 business’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average cost of GBX 223 ($2.78) per share, for a total transaction of £17,840 ($22,255.49). Company insiders own 3.64% of the company’s stock.

About abrdn Asian Income Fund

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.