abrdn Asian Income Fund (LON:AAIF) Hits New 52-Week High at $215.00

abrdn Asian Income Fund Limited (LON:AAIF)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as GBX 215 ($2.70) and last traded at GBX 213 ($2.68), with a volume of 275492 shares traded. The stock had previously closed at GBX 211.50 ($2.66).

abrdn Asian Income Fund Price Performance

The business has a fifty day simple moving average of GBX 205.86 and a 200-day simple moving average of GBX 199.99. The stock has a market capitalization of £357.67 million, a P/E ratio of -21,300.00 and a beta of 0.69. The company has a debt-to-equity ratio of 10.37, a quick ratio of 0.11 and a current ratio of 0.18.

abrdn Asian Income Fund Cuts Dividend

The business also recently declared a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be issued a GBX 2.55 ($0.03) dividend. This represents a yield of 1.23%. The ex-dividend date of this dividend is Thursday, April 25th. abrdn Asian Income Fund’s payout ratio is -110,000.00%.

About abrdn Asian Income Fund

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.