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

abrdn Asian Income Fund (LON:AAIF) released its quarterly earnings results on Wednesday. The company reported GBX 11.35 ($0.15) EPS 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 Trading Down 1.4 %

LON:AAIF traded down GBX 3 ($0.04) on Friday, reaching GBX 212 ($2.74). 254,624 shares of the company’s stock were exchanged, compared to its average volume of 274,634. The firm has a market capitalization of £316.39 million, a price-to-earnings ratio of 7.49 and a beta of 0.70. abrdn Asian Income Fund has a 52-week low of GBX 197 ($2.55) and a 52-week high of GBX 234.42 ($3.03). The company has a quick ratio of 0.11, a current ratio of 0.26 and a debt-to-equity ratio of 8.19. The business has a fifty day moving average of GBX 220.53 and a 200-day moving average of GBX 219.53.

abrdn Asian Income Fund Increases Dividend

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

About abrdn Asian Income Fund

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