Aberdeen Asia-Pacific Income Fund (FAX) Given News Sentiment Score of 0.16

News coverage about Aberdeen Asia-Pacific Income Fund (NYSE:FAX) has trended somewhat positive this week, according to Accern Sentiment. Accern ranks the sentiment of news coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aberdeen Asia-Pacific Income Fund earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the investment management company an impact score of 46.7107768815802 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Aberdeen Asia-Pacific Income Fund (NYSE:FAX) traded up 0.39% on Tuesday, hitting $5.13. The company had a trading volume of 352,444 shares. The firm has a 50-day moving average price of $5.16 and a 200-day moving average price of $5.07. Aberdeen Asia-Pacific Income Fund has a 12-month low of $4.56 and a 12-month high of $5.29.

The business also recently disclosed a monthly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 22nd were given a dividend of $0.035 per share. The ex-dividend date of this dividend was Thursday, September 21st. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.19%.

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In related news, major shareholder Voya Financial, Inc. acquired 24,000,000 shares of the stock in a transaction dated Thursday, August 10th. The stock was bought at an average cost of $24,000,000.00 per share, for a total transaction of $576,000,000,000,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

About Aberdeen Asia-Pacific Income Fund

Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in Asian debt securities, Australian debt securities and New Zealand debt securities.

Insider Buying and Selling by Quarter for Aberdeen Asia-Pacific Income Fund (NYSE:FAX)

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