abrdn Asian Income Fund (LON:AAIF) Reaches New 12-Month High – What’s Next?

abrdn Asian Income Fund (LON:AAIF) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 226 ($2.76) and last traded at GBX 223 ($2.72), with a volume of 305706 shares. The stock had previously closed at GBX 222 ($2.71).

abrdn Asian Income Fund Price Performance

The company has a 50-day moving average of GBX 219.87 and a 200-day moving average of GBX 216.82. 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 stock has a market cap of £343.24 million, a price-to-earnings ratio of 785.71 and a beta of 0.70.

abrdn Asian Income Fund Dividend Announcement

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

Insider Buying and Selling at abrdn Asian Income Fund

In other news, insider Ian Cadby acquired 8,000 shares of abrdn Asian Income Fund stock in a transaction that occurred on Friday, November 22nd. The stock was purchased at an average cost of GBX 223 ($2.72) per share, with a total value of £17,840 ($21,782.66). 3.64% of the stock is owned by corporate 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.