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

abrdn Asian Income Fund (LON:AAIF) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 216.46 ($2.82) and traded as high as GBX 220 ($2.86). abrdn Asian Income Fund shares last traded at GBX 220 ($2.86), with a volume of 307,782 shares changing hands.

abrdn Asian Income Fund Price 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 stock has a market cap of £336.91 million, a PE ratio of 785.71 and a beta of 0.70. The business has a 50-day moving average price of GBX 216.62 and a 200 day moving average price of GBX 214.11.

abrdn Asian Income Fund Announces Dividend

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

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.