Sat Sep 21 11:40:46 UTC 2024: ## Abrdn Asia-Pacific Income Fund Increases Monthly Dividend by Over 500%
**New York, NY – September 21, 2024** – Abrdn Asia-Pacific Income Fund Inc. (NYSEAMERICAN:FAX) has announced a significant increase in its monthly dividend, according to a report from the Wall Street Journal. The investment management company will pay a dividend of $0.165 per share on September 30th to shareholders of record as of September 23rd. This represents a dramatic jump from the previous monthly dividend of $0.03.
The new dividend equates to an annualized dividend of $1.98, resulting in a yield of 11.33%. The ex-dividend date is also set for September 23rd.
This move signals a positive shift in the company’s strategy, potentially indicating strong performance and a commitment to shareholder value. The stock opened at $17.48 on Friday, trading within its 52-week range of $13.98 to $17.55.
To stay updated on the latest news and analysts’ ratings for Abrdn Asia-Pacific Income Fund, you can sign up for MarketBeat.com’s free daily email newsletter.
First Piper 