abrdn Asian Income Fund (LON:AAIF) Hits New 1-Year High – Time to Buy?

abrdn Asian Income Fund (LON:AAIF) hit a new 52-week high on Wednesday . The company traded as high as GBX 225 ($2.75) and last traded at GBX 222 ($2.72), with a volume of 166412 shares. The stock had previously closed at GBX 220 ($2.69).

abrdn Asian Income Fund Stock Performance

The company has a debt-to-equity ratio of 8.19, a quick ratio of 0.11 and a current ratio of 0.26. The stock has a market cap of £352.61 million, a P/E ratio of 807.14 and a beta of 0.70. The stock has a fifty day simple moving average of GBX 220.45 and a 200-day simple moving average of GBX 217.05.

abrdn Asian Income Fund Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 23rd will be given a GBX 6.78 ($0.08) dividend. The ex-dividend date of this dividend is Thursday, January 23rd. This represents a dividend yield of 2.99%. This is an increase from abrdn Asian Income Fund’s previous dividend of $2.55. abrdn Asian Income Fund’s payout ratio is currently 4,285.71%.

Insider Buying and Selling

In other abrdn Asian Income Fund news, insider Ian Cadby acquired 8,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was purchased at an average price of GBX 223 ($2.73) per share, with a total value of £17,840 ($21,827.97). 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.