Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Increases Dividend to $0.18 Per Share

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) announced a quarterly dividend on Tuesday, December 9th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.18 per share on Monday, January 12th. This represents a c) dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date of this dividend is Wednesday, December 31st. This is a 5.9% increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.17.

Abrdn Emerging Markets Equity Income Fund Trading Up 1.1%

Abrdn Emerging Markets Equity Income Fund stock traded up $0.07 during midday trading on Wednesday, reaching $7.04. The company’s stock had a trading volume of 44,715 shares, compared to its average volume of 168,674. The stock’s 50-day simple moving average is $6.71 and its 200-day simple moving average is $6.25. Abrdn Emerging Markets Equity Income Fund has a 52-week low of $4.43 and a 52-week high of $7.29.

Institutional Trading of Abrdn Emerging Markets Equity Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its holdings in shares of Abrdn Emerging Markets Equity Income Fund by 28.1% in the first quarter. PNC Financial Services Group Inc. now owns 12,026 shares of the company’s stock valued at $60,000 after acquiring an additional 2,641 shares during the period. National Bank of Canada FI raised its holdings in Abrdn Emerging Markets Equity Income Fund by 359.6% during the first quarter. National Bank of Canada FI now owns 69,048 shares of the company’s stock worth $342,000 after purchasing an additional 54,025 shares during the last quarter. North Ground Capital raised its position in Abrdn Emerging Markets Equity Income Fund by 731.0% during the first quarter. North Ground Capital now owns 319,922 shares of the company’s stock worth $1,644,000 after acquiring an additional 281,422 shares during the last quarter. Quarry LP purchased a new position in Abrdn Emerging Markets Equity Income Fund during the first quarter worth $942,000. Finally, Vanguard Capital Wealth Advisors raised its stake in Abrdn Emerging Markets Equity Income Fund by 241.3% in the 2nd quarter. Vanguard Capital Wealth Advisors now owns 993,754 shares of the company’s stock valued at $5,903,000 after purchasing an additional 702,576 shares during the last quarter. 73.93% of the stock is currently owned by institutional investors and hedge funds.

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.