Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE:AEF) Announces Quarterly Dividend of $0.16

Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE:AEF) announced a quarterly dividend on Wednesday, June 9th, Zacks reports. Shareholders of record on Wednesday, June 23rd will be given a dividend of 0.16 per share on Wednesday, June 30th. This represents a $0.64 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date is Tuesday, June 22nd. This is a boost from Aberdeen Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.06.

Shares of Aberdeen Emerging Markets Equity Income Fund stock opened at $9.15 on Friday. Aberdeen Emerging Markets Equity Income Fund has a 12 month low of $5.89 and a 12 month high of $9.18. The company’s fifty day moving average price is $8.73.

In related news, Director Rahn K. Porter acquired 5,793 shares of the company’s stock in a transaction that occurred on Monday, April 26th. The shares were bought at an average price of $8.64 per share, with a total value of $50,051.52. Following the completion of the transaction, the director now directly owns 10,608 shares in the company, valued at $91,653.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Bill Maher acquired 7,000 shares of the company’s stock in a transaction that occurred on Monday, April 19th. The shares were bought at an average cost of $8.68 per share, for a total transaction of $60,760.00. Following the transaction, the director now owns 12,353 shares of the company’s stock, valued at $107,224.04. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 19,793 shares of company stock worth $170,942. Insiders own 16.70% of the company’s stock.

Aberdeen Emerging Markets Equity Income Fund Company Profile

Aberdeen 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.

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