Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Increases Dividend to $0.26 Per Share

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) announced a quarterly dividend on Friday, September 11th. Shareholders of record on Tuesday, September 22nd will be given a dividend of 0.26 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 10.6%. The ex-dividend date is Tuesday, September 22nd. This is a 13.0% increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.23.

Abrdn Emerging Markets Equity Income Fund Stock Performance

AEF opened at $9.79 on Friday. The business has a 50 day moving average price of $9.24 and a two-hundred day moving average price of $8.96. Abrdn Emerging Markets Equity Income Fund has a 1-year low of $6.25 and a 1-year high of $10.14.

Abrdn Emerging Markets Equity Income Fund Company Profile

Abrdn Emerging Markets Equity Income Fund, Inc (NYSE: AEF) is a closed-end investment company that seeks to provide investors with current income and long-term growth of capital. The fund invests primarily in dividend-paying equity securities issued by companies in emerging-market countries.

Its portfolio may include common stocks and other equity-related securities, including depositary receipts, across a range of industries and emerging-market economies. The fund’s geographic exposure can include markets in Asia, Latin America, Europe, the Middle East and Africa, with allocations determined by the investment manager’s assessment of income potential, valuation and long-term growth prospects.

The fund was formerly known as Aberdeen Emerging Markets Equity Income Fund, Inc and adopted its current abrdn name as part of the broader rebranding of Aberdeen Asset Management’s investment business.