abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Shares Will Pay Monthly Dividend of $0.15

abrdn Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be paid a dividend of $0.15 per share by the investment management company on Friday, October 30th. This represents a $1.80 annualized dividend and a yield of 13.9%. The ex-dividend date of this dividend is Friday, October 23rd.

abrdn Asia-Pacific Income Fund Price Performance

NYSEAMERICAN:FAX traded up $0.06 during mid-day trading on Wednesday, hitting $12.96. 11,801 shares of the stock traded hands, compared to its average volume of 186,192. The business’s 50-day moving average price is $13.85 and its 200 day moving average price is $14.36. abrdn Asia-Pacific Income Fund has a 12-month low of $12.56 and a 12-month high of $16.37.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. TD Waterhouse Canada Inc. bought a new position in abrdn Asia-Pacific Income Fund in the 2nd quarter valued at $43,000. CoreCap Advisors LLC purchased a new position in shares of abrdn Asia-Pacific Income Fund during the 2nd quarter valued at $77,000. Maridea Wealth Management LLC bought a new position in shares of abrdn Asia-Pacific Income Fund in the first quarter worth $217,000. Nwam LLC increased its holdings in shares of abrdn Asia-Pacific Income Fund by 10.5% in the first quarter. Nwam LLC now owns 29,522 shares of the investment management company’s stock worth $426,000 after purchasing an additional 2,795 shares during the period. Finally, Quantinno Capital Management LP bought a new position in shares of abrdn Asia-Pacific Income Fund in the first quarter worth $466,000. 33.55% of the stock is owned by institutional investors.

About abrdn Asia-Pacific Income Fund

abrdn Asia-Pacific Income Fund, Inc is a closed-end investment company listed on the NYSE American under the symbol FAX. 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, notes and other debt instruments denominated in local or foreign currencies. Its investment exposure can span developed and emerging markets across Asia and the Pacific, including countries such as Australia, China, India, Indonesia, South Korea, Malaysia, New Zealand, the Philippines, Singapore and Thailand.