abrdn Asian Income Fund (LON:AAIF) Announces Quarterly Earnings Results

abrdn Asian Income Fund (LON:AAIF) announced its quarterly earnings results on Wednesday. The company reported GBX 11.35 ($0.15) earnings per share for the quarter, Digital Look Earnings reports. abrdn Asian Income Fund had a net margin of 85.32% and a return on equity of 11.73%.

abrdn Asian Income Fund Trading Down 0.4 %

Shares of LON AAIF traded down GBX 0.82 ($0.01) during midday trading on Thursday, hitting GBX 215.18 ($2.77). 108,331 shares of the company traded hands, compared to its average volume of 273,611. abrdn Asian Income Fund has a 12-month low of GBX 197 ($2.54) and a 12-month high of GBX 234.42 ($3.02). The stock has a 50-day moving average price of GBX 220.74 and a 200 day moving average price of GBX 219.55. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26. The firm has a market cap of £321.13 million, a P/E ratio of 7.61 and a beta of 0.70.

abrdn Asian Income Fund Increases Dividend

The business also recently declared a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 23rd were issued a GBX 6.78 ($0.09) dividend. The ex-dividend date was Thursday, January 23rd. This represents a yield of 2.99%. This is a boost from abrdn Asian Income Fund’s previous dividend of $2.55. abrdn Asian Income Fund’s payout ratio is 42.42%.

abrdn Asian Income Fund Company Profile

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