Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Announces Dividend Increase – $0.26 Per Share

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) declared a quarterly dividend on Friday, September 11th. Investors of record on Tuesday, September 22nd will be given a dividend of 0.26 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 10.6%. The ex-dividend date of this dividend is Tuesday, September 22nd. This is a 13.0% increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.23.

Abrdn Emerging Markets Equity Income Fund Price Performance

Shares of AEF opened at $9.79 on Friday. Abrdn Emerging Markets Equity Income Fund has a one year low of $6.25 and a one year high of $10.14. The stock has a 50-day moving average price of $9.24 and a 200 day moving average price of $8.96.

Institutional Trading of Abrdn Emerging Markets Equity Income Fund

Hedge funds have recently made changes to their positions in the stock. Noble Wealth Management PBC acquired a new stake in Abrdn Emerging Markets Equity Income Fund in the second quarter valued at $34,000. Bard Associates Inc. acquired a new position in Abrdn Emerging Markets Equity Income Fund in the fourth quarter worth about $57,000. Readystate Asset Management LP bought a new stake in Abrdn Emerging Markets Equity Income Fund in the first quarter valued at about $203,000. Uhlmann Price Securities LLC increased its holdings in Abrdn Emerging Markets Equity Income Fund by 5.5% in the first quarter. Uhlmann Price Securities LLC now owns 40,859 shares of the company’s stock valued at $298,000 after buying an additional 2,129 shares during the last quarter. Finally, Closed End Fund Advisors Inc. acquired a new stake in Abrdn Emerging Markets Equity Income Fund during the fourth quarter valued at approximately $541,000. Institutional investors and hedge funds own 73.93% of the company’s stock.

About Abrdn Emerging Markets Equity Income Fund

Abrdn Emerging Markets Equity Income Fund, Inc (NYSE: AEF) is a closed-end investment company that seeks to provide investors with current income and long-term growth of capital. The fund invests primarily in dividend-paying equity securities issued by companies in emerging-market countries.

Its portfolio may include common stocks and other equity-related securities, including depositary receipts, across a range of industries and emerging-market economies. The fund’s geographic exposure can include markets in Asia, Latin America, Europe, the Middle East and Africa, with allocations determined by the investment manager’s assessment of income potential, valuation and long-term growth prospects.

The fund was formerly known as Aberdeen Emerging Markets Equity Income Fund, Inc and adopted its current abrdn name as part of the broader rebranding of Aberdeen Asset Management’s investment business.