abrdn Asian Income Fund (LON:AAIF) Shares Cross Above Fifty Day Moving Average – Here’s Why

abrdn Asian Income Fund (LON:AAIF)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 222.08 ($2.75) and traded as high as GBX 227 ($2.82). abrdn Asian Income Fund shares last traded at GBX 224 ($2.78), with a volume of 206,877 shares traded.

abrdn Asian Income Fund Trading Down 0.9 %

The business has a fifty day moving average price of GBX 222.20 and a 200 day moving average price of GBX 217.96. The company has a market capitalization of £346.36 million, a PE ratio of 792.86 and a beta of 0.70. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26.

abrdn Asian Income Fund Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be given a GBX 6.78 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 2.99%. This is a positive change from abrdn Asian Income Fund’s previous dividend of $2.55. abrdn Asian Income Fund’s dividend payout ratio is presently 4,285.71%.

Insider Activity at abrdn Asian Income Fund

In other news, insider Ian Cadby bought 8,000 shares of abrdn Asian Income Fund stock in a transaction dated Friday, November 22nd. The shares were acquired at an average cost of GBX 223 ($2.77) per share, with a total value of £17,840 ($22,131.25). 3.64% of the stock is owned by insiders.

abrdn Asian Income Fund Company Profile

Targeting the income and growth potential of Asia’s most compelling and sustainable companies.