abrdn Asian Income Fund (LON:AAIF) Reaches New 1-Year High – Should You Buy?

by · The Markets Daily

abrdn Asian Income Fund (LON:AAIF – Get Free Report)’s share price hit a new 52-week high during trading on Monday . The company traded as high as GBX 225 ($2.87) and last traded at GBX 222 ($2.84), with a volume of 178181 shares trading hands. The stock had previously closed at GBX 221 ($2.82).

abrdn Asian Income Fund Trading Up 0.9 %

The business has a 50 day moving average of GBX 219.42 and a two-hundred day moving average of GBX 215.51. The firm has a market capitalization of £346.36 million, a price-to-earnings ratio of 785.71 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 Dividend Announcement

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

Insider Buying and Selling at abrdn Asian Income Fund

In related news, insider Ian Cadby bought 8,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were bought at an average price of GBX 223 ($2.85) per share, for a total transaction of £17,840 ($22,792.90). 3.64% of the stock is currently owned by company insiders.

About abrdn Asian Income Fund

(Get Free Report)

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.

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