abrdn Asian Income Fund (LON:AAIF) Hits New 12-Month High – Time to Buy?

abrdn Asian Income Fund (LON:AAIF) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 226 ($2.93) and last traded at GBX 222 ($2.88), with a volume of 320747 shares changing hands. The stock had previously closed at GBX 222 ($2.88).

abrdn Asian Income Fund Stock Performance

The company has a current ratio of 0.26, a quick ratio of 0.11 and a debt-to-equity ratio of 8.19. The company has a market capitalization of £346.36 million, a price-to-earnings ratio of 807.14 and a beta of 0.70. The stock has a 50-day simple moving average of GBX 215.78 and a 200-day simple moving average of GBX 213.62.

abrdn Asian Income Fund Announces Dividend

The company also recently declared a dividend, which will be paid on Friday, November 22nd. Investors of record on Thursday, October 24th will be given a dividend of GBX 2.55 ($0.03) per share. This represents a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, October 24th. abrdn Asian Income Fund’s dividend payout ratio is currently 4,285.71%.

abrdn Asian Income Fund Company Profile

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.