Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Declares Quarterly Dividend of $0.15

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) declared a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Investors of record on Tuesday, March 25th will be paid a dividend of 0.15 per share on Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 11.78%. The ex-dividend date is Tuesday, March 25th. This is a 50.0% increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.10.

Abrdn Emerging Markets Equity Income Fund has decreased its dividend by an average of 9.9% per year over the last three years.

Abrdn Emerging Markets Equity Income Fund Stock Up 1.1 %

Shares of AEF stock traded up $0.06 during midday trading on Wednesday, reaching $5.10. 755,561 shares of the company were exchanged, compared to its average volume of 283,812. The company’s 50 day moving average price is $5.30 and its two-hundred day moving average price is $5.37. Abrdn Emerging Markets Equity Income Fund has a 12 month low of $4.83 and a 12 month high of $5.84.

Abrdn Emerging Markets Equity Income Fund Company Profile

Abrdn Emerging Markets Equity Income Fund Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.