abrdn Asian Income Fund (LON:AAIF) Issues Earnings Results

abrdn Asian Income Fund (LON:AAIF) issued its earnings results on Wednesday. The company reported GBX 11.35 ($0.15) earnings per share for the quarter, Digital Look Earnings reports. abrdn Asian Income Fund had a return on equity of 11.73% and a net margin of 85.32%.

abrdn Asian Income Fund Stock Performance

Shares of AAIF traded down GBX 1.95 ($0.03) during mid-day trading on Friday, reaching GBX 213.05 ($2.76). 239,918 shares of the company’s stock traded hands, compared to its average volume of 274,396. 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 business’s 50-day moving average price is GBX 220.53 and its 200-day moving average price is GBX 219.53. The stock has a market capitalization of £317.95 million, a P/E ratio of 7.53 and a beta of 0.70. abrdn Asian Income Fund has a 12 month low of GBX 197 ($2.55) and a 12 month high of GBX 234.42 ($3.03).

abrdn Asian Income Fund Increases Dividend

The company also recently announced a dividend, which was paid on Friday, February 21st. Shareholders of record on Thursday, January 23rd were given a GBX 6.78 ($0.09) dividend. This is a boost from abrdn Asian Income Fund’s previous dividend of $2.55. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a yield of 2.99%. abrdn Asian Income Fund’s dividend payout ratio is 42.42%.

abrdn Asian Income Fund Company Profile

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