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

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) declared a quarterly dividend on Wednesday, September 11th, Wall Street Journal reports. Investors of record on Monday, September 23rd will be given a dividend of 0.10 per share on Monday, September 30th. This represents a $0.40 annualized dividend and a yield of 7.58%. The ex-dividend date of this dividend is Monday, September 23rd.

Abrdn Emerging Markets Equity Income Fund has increased its dividend payment by an average of 26.1% per year over the last three years.

Abrdn Emerging Markets Equity Income Fund Stock Up 1.0 %

AEF traded up $0.05 during midday trading on Thursday, reaching $5.28. The company had a trading volume of 66,437 shares, compared to its average volume of 80,337. The business has a 50-day moving average price of $5.29 and a two-hundred day moving average price of $5.20. Abrdn Emerging Markets Equity Income Fund has a 12-month low of $4.40 and a 12-month high of $5.53.

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.