abrdn Asian Income Fund (LON:AAIF) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

abrdn Asian Income Fund (LON:AAIF)’s stock price crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 222.47 ($2.80) and traded as high as GBX 227.12 ($2.86). abrdn Asian Income Fund shares last traded at GBX 222.70 ($2.80), with a volume of 91,332 shares trading hands.

abrdn Asian Income Fund Stock Performance

The company has a 50-day moving average of GBX 222.47 and a 200 day moving average of GBX 218.34. The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19. The firm has a market capitalization of £332.35 million, a PE ratio of 7.87 and a beta of 0.70.

abrdn Asian Income Fund Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 23rd will be issued a GBX 6.78 ($0.09) dividend. This is a boost from abrdn Asian Income Fund’s previous dividend of $2.55. This represents a dividend yield of 2.99%. The ex-dividend date is Thursday, January 23rd. abrdn Asian Income Fund’s dividend payout ratio is presently 42.42%.

Insider Transactions at abrdn Asian Income Fund

In related news, insider Ian Cadby bought 8,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was bought at an average cost of GBX 223 ($2.81) per share, for a total transaction of £17,840 ($22,454.37). Company insiders own 3.64% of the company’s stock.

abrdn Asian Income Fund Company Profile

Targeting the income and growth potential of Asia’s most compelling and sustainable companies.