Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) Raises Dividend to $0.21 Per Share

Abrdn Emerging Markets Equity Income Fund Inc (NYSE:AEF) announced a quarterly dividend on Tuesday, March 10th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.21 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend is Tuesday, March 24th. This is a 16.7% increase from Abrdn Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.18.

Abrdn Emerging Markets Equity Income Fund Stock Up 0.6%

AEF stock traded up $0.05 during midday trading on Wednesday, reaching $7.83. The company had a trading volume of 95,875 shares, compared to its average volume of 215,743. The company has a 50 day moving average of $7.90 and a two-hundred day moving average of $7.08. Abrdn Emerging Markets Equity Income Fund has a 1 year low of $4.43 and a 1 year high of $8.93.

About Abrdn Emerging Markets Equity Income Fund

Abrdn Emerging Markets Equity Income Fund (NYSE:AEF) is a closed‐end investment company that seeks to provide investors with a combination of current income and long-term capital appreciation by investing primarily in dividend-paying equities of companies located in emerging market countries. The fund offers investors access to a diversified portfolio of stocks across Asia, Latin America, Eastern Europe, the Middle East and Africa, targeting firms with strong cash flow characteristics and sustainable payout policies.

The investment process combines bottom-up fundamental research with a disciplined focus on income generation.