abrdn Asian Income Fund (LON:AAIF) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Shares of abrdn Asian Income Fund (LON:AAIF) passed above its fifty day moving average during trading on Friday . The stock has a fifty 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 market capitalization of £332.35 million, a PE ratio of 7.87 and a beta of 0.70. The stock’s fifty day simple moving average is GBX 222.47 and its 200-day simple moving average is GBX 218.38. The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26.

abrdn Asian Income Fund Increases Dividend

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

Insiders Place Their Bets

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

abrdn Asian Income Fund Company Profile

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