Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) to Issue $0.10 Quarterly Dividend

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) announced a quarterly dividend on Thursday, September 12th, Wall Street Journal reports. Stockholders of record on Monday, September 23rd will be paid a dividend of 0.10 per share on Monday, September 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.55%. The ex-dividend date of this dividend is Monday, September 23rd.

Abrdn Emerging Markets Equity Income Fund has raised its dividend payment by an average of 26.1% per year over the last three years.

Abrdn Emerging Markets Equity Income Fund Price Performance

NYSE:AEF traded up $0.07 during mid-day trading on Thursday, hitting $5.30. 61,011 shares of the stock traded hands, compared to its average volume of 80,306. The business’s 50-day moving average price is $5.29 and its 200 day moving average price is $5.20. Abrdn Emerging Markets Equity Income Fund has a 12-month low of $4.40 and a 12-month high of $5.53.

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.