abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Plans $0.17 Monthly Dividend

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Get Free Report) announced a monthly dividend on Friday, July 11th, Wall Street Journal reports. Stockholders of record on Thursday, July 24th will be paid a dividend of 0.165 per share by the investment management company on Thursday, July 31st. This represents a $1.98 annualized dividend and a dividend yield of 12.41%. The ex-dividend date is Thursday, July 24th.

abrdn Asia-Pacific Income Fund Trading Down 0.9%

NYSEAMERICAN FAX traded down $0.15 during trading hours on Monday, reaching $15.96. 158,033 shares of the company traded hands, compared to its average volume of 150,264. abrdn Asia-Pacific Income Fund has a 12 month low of $13.99 and a 12 month high of $17.55. The company has a 50 day moving average of $15.75 and a two-hundred day moving average of $15.42.

Hedge Funds Weigh In On abrdn Asia-Pacific Income Fund

An institutional investor recently bought a new position in abrdn Asia-Pacific Income Fund stock. Jane Street Group LLC bought a new stake in shares of abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 10,811 shares of the investment management company's stock, valued at approximately $170,000. Hedge funds and other institutional investors own 33.55% of the company's stock.

abrdn Asia-Pacific Income Fund Company Profile

Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.