Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) to Issue Dividend Increase – $0.17 Per Share

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) announced a monthly dividend on Thursday, September 12th, Wall Street Journal reports. Stockholders of record on Monday, September 23rd will be given a dividend of 0.165 per share by the investment management company on Monday, September 30th. This represents a $1.98 annualized dividend and a dividend yield of 11.85%. The ex-dividend date of this dividend is Monday, September 23rd. This is a boost from Abrdn Asia-Pacific Income Fund’s previous monthly dividend of $0.03.

Abrdn Asia-Pacific Income Fund Trading Down 0.2 %

Shares of Abrdn Asia-Pacific Income Fund stock traded down $0.03 during mid-day trading on Thursday, reaching $16.71. 156,806 shares of the stock were exchanged, compared to its average volume of 140,183. Abrdn Asia-Pacific Income Fund has a fifty-two week low of $13.98 and a fifty-two week high of $17.40.

About Abrdn Asia-Pacific Income Fund

Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.