Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Increases Dividend to $0.15 Per Share

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) announced a quarterly dividend on Wednesday, March 12th, Wall Street Journal reports. Shareholders of record on Tuesday, March 25th will be paid a dividend of 0.15 per share on Monday, March 31st. This represents a $0.60 dividend on an annualized basis and a yield of 11.79%. The ex-dividend date of this dividend is Tuesday, March 25th. This is a 50.0% increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.10.

Abrdn Emerging Markets Equity Income Fund has decreased its dividend payment by an average of 9.9% annually over the last three years.

Abrdn Emerging Markets Equity Income Fund Price Performance

Shares of AEF stock opened at $5.09 on Thursday. The company’s fifty day simple moving average is $5.30 and its two-hundred day simple moving average is $5.37. Abrdn Emerging Markets Equity Income Fund has a 1 year low of $4.83 and a 1 year high of $5.84.

About Abrdn Emerging Markets Equity Income Fund

Abrdn Emerging Markets Equity Income Fund Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.