abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Plans $0.15 Monthly Dividend

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) announced a monthly dividend on Friday, September 11th. Investors of record on Tuesday, September 22nd will be given a dividend of 0.15 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Tuesday, September 22nd.

abrdn Asia-Pacific Income Fund Stock Performance

Shares of FAX opened at $13.92 on Friday. The firm has a 50 day moving average price of $14.47 and a 200-day moving average price of $14.66. abrdn Asia-Pacific Income Fund has a fifty-two week low of $13.68 and a fifty-two week high of $16.85.

Hedge Funds Weigh In On abrdn Asia-Pacific Income Fund

A number of hedge funds have recently modified their holdings of the company. Cullen Frost Bankers Inc. increased its stake in shares of abrdn Asia-Pacific Income Fund by 5.6% during the fourth quarter. Cullen Frost Bankers Inc. now owns 12,866 shares of the investment management company’s stock valued at $197,000 after buying an additional 683 shares during the period. Baird Financial Group Inc. grew its stake in shares of abrdn Asia-Pacific Income Fund by 1.4% in the second quarter. Baird Financial Group Inc. now owns 60,681 shares of the investment management company’s stock worth $893,000 after acquiring an additional 851 shares during the last quarter. Corient Private Wealth LP grew its position in abrdn Asia-Pacific Income Fund by 1.0% during the 2nd quarter. Corient Private Wealth LP now owns 99,190 shares of the investment management company’s stock valued at $1,449,000 after purchasing an additional 950 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in shares of abrdn Asia-Pacific Income Fund by 3.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 41,385 shares of the investment management company’s stock valued at $635,000 after acquiring an additional 1,228 shares in the last quarter. Finally, Moors & Cabot Inc. increased its holdings in shares of abrdn Asia-Pacific Income Fund by 11.2% in the 4th quarter. Moors & Cabot Inc. now owns 17,015 shares of the investment management company’s stock worth $261,000 after purchasing an additional 1,709 shares in the last quarter. Hedge funds and other institutional investors own 33.55% of the company’s stock.

abrdn Asia-Pacific Income Fund Company Profile

abrdn Asia-Pacific Income Fund (NYSE American: FAX) is a closed-end investment fund managed by abrdn. The fund seeks to provide current income and, secondarily, capital appreciation by investing primarily in fixed-income securities issued by governments, government-related entities and companies in the Asia-Pacific region.

The fund’s portfolio may include sovereign and corporate bonds, emerging-market debt and other income-producing securities denominated in local or foreign currencies.