abrdn Asian Income Fund (LON:AAIF) Shares Pass Above 50 Day Moving Average of $208.90

abrdn Asian Income Fund Limited (LON:AAIF - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 208.90 ($2.66) and traded as high as GBX 215.70 ($2.74). abrdn Asian Income Fund shares last traded at GBX 213 ($2.71), with a volume of 227,139 shares traded.

abrdn Asian Income Fund Stock Up 0.9 %

The firm has a market capitalization of £348.82 million, a P/E ratio of 4,300.00 and a beta of 0.72. The firm's fifty day moving average price is GBX 209.12 and its 200-day moving average price is GBX 202.35. The company has a debt-to-equity ratio of 8.05, a current ratio of 0.13 and a quick ratio of 0.11.

abrdn Asian Income Fund Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be issued a GBX 2.55 ($0.03) dividend. The ex-dividend date is Thursday, April 25th. This represents a dividend yield of 1.23%. abrdn Asian Income Fund's dividend payout ratio (DPR) is 24,000.00%.

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.