Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAX) Announces Monthly Dividend of $0.03

Abrdn Asia-Pacific Income Fund Inc (NYSEAMERICAN:FAXGet Free Report) declared a monthly dividend on Tuesday, April 9th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.0275 per share by the investment management company on Tuesday, April 30th. This represents a $0.33 annualized dividend and a dividend yield of 12.84%. The ex-dividend date of this dividend is Monday, April 22nd.

Abrdn Asia-Pacific Income Fund Stock Down 1.2 %

Shares of NYSEAMERICAN FAX opened at $2.57 on Friday. Abrdn Asia-Pacific Income Fund has a 52-week low of $2.33 and a 52-week high of $2.84.

Hedge Funds Weigh In On Abrdn Asia-Pacific Income Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Saba Capital Management L.P. purchased a new stake in Abrdn Asia-Pacific Income Fund during the first quarter valued at about $34,000. IHT Wealth Management LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth about $27,000. Cetera Advisor Networks LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the first quarter worth about $43,000. Burford Brothers Inc. purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the fourth quarter worth about $37,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Abrdn Asia-Pacific Income Fund in the third quarter worth about $38,000. 33.55% of the stock is owned by hedge funds and other institutional investors.

About Abrdn Asia-Pacific Income Fund

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Abrdn Asia-Pacific Income Fund Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

See Also

Dividend History for Abrdn Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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