abrdn Asian Income Fund (LON:AAIF) Sets New 1-Year High – What’s Next?

abrdn Asian Income Fund (LON:AAIF)’s stock price hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 224 ($2.82) and last traded at GBX 218 ($2.74), with a volume of 178018 shares. The stock had previously closed at GBX 220 ($2.77).

abrdn Asian Income Fund Stock Performance

The stock’s 50 day moving average is GBX 218.96 and its two-hundred day moving average is GBX 215.18. The firm has a market capitalization of £340.12 million, a P/E ratio of 782.14 and a beta of 0.70. The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11.

abrdn Asian Income Fund Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, November 22nd. Shareholders of record on Thursday, October 24th were issued a dividend of GBX 2.55 ($0.03) per share. This represents a yield of 1.16%. The ex-dividend date of this dividend was Thursday, October 24th. abrdn Asian Income Fund’s dividend payout ratio is presently 4,285.71%.

Insider Activity

In other news, insider Ian Cadby purchased 8,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were acquired at an average cost of GBX 223 ($2.80) per share, for a total transaction of £17,840 ($22,426.15). 3.64% of the stock is currently owned by company insiders.

abrdn Asian Income Fund Company Profile

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.