abrdn Asian Income Fund (LON:AAIF) Posts Quarterly Earnings Results

abrdn Asian Income Fund (LON:AAIF) released its quarterly 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 LON:AAIF traded down GBX 0.46 ($0.01) on Thursday, hitting GBX 215.54 ($2.78). The company’s stock had a trading volume of 125,856 shares, compared to its average volume of 273,899. abrdn Asian Income Fund has a 12 month low of GBX 197 ($2.54) and a 12 month high of GBX 234.42 ($3.02). The stock’s 50-day moving average is GBX 220.74 and its two-hundred day moving average is GBX 219.55. 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 company has a market capitalization of £321.67 million, a price-to-earnings ratio of 7.62 and a beta of 0.70.

abrdn Asian Income Fund Increases Dividend

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

About abrdn Asian Income Fund

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