abrdn Asian Income Fund (LON:AAIF) Reaches New 1-Year Low – Here’s What Happened

abrdn Asian Income Fund (LON:AAIF)’s share price hit a new 52-week low on Friday . The stock traded as low as GBX 191.01 ($2.46) and last traded at GBX 195 ($2.51), with a volume of 325825 shares. The stock had previously closed at GBX 204 ($2.63).

abrdn Asian Income Fund Stock Performance

The company has a debt-to-equity ratio of 8.19, a current ratio of 0.26 and a quick ratio of 0.11. The firm has a fifty day moving average of GBX 217.83 and a 200 day moving average of GBX 219.35. The stock has a market cap of £291.02 million, a price-to-earnings ratio of 6.89 and a beta of 0.70.

abrdn Asian Income Fund (LON:AAIF) last announced its quarterly earnings data on Wednesday, March 26th. The company reported GBX 11.35 ($0.15) earnings per share (EPS) for the quarter. abrdn Asian Income Fund had a net margin of 85.32% and a return on equity of 11.73%.

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 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 was Thursday, January 23rd. This represents a yield of 2.99%. abrdn Asian Income Fund’s dividend payout ratio (DPR) is 42.42%.

abrdn Asian Income Fund Company Profile

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