Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE:AEF) Raises Dividend to $0.16 Per Share

Aberdeen Emerging Markets Equity Income Fund, Inc. (NYSE:AEF) announced a quarterly dividend on Wednesday, June 9th, Zacks reports. Investors of record on Wednesday, June 23rd will be paid a dividend of 0.16 per share on Wednesday, June 30th. This represents a $0.64 annualized dividend and a dividend yield of 6.99%. The ex-dividend date of this dividend is Tuesday, June 22nd. This is an increase from Aberdeen Emerging Markets Equity Income Fund’s previous quarterly dividend of $0.06.

Shares of AEF opened at $9.15 on Friday. Aberdeen Emerging Markets Equity Income Fund has a one year low of $5.89 and a one year high of $9.18. The stock’s 50 day moving average price is $8.73.

In related news, Director Rahn K. Porter acquired 5,793 shares of the stock in a transaction on Monday, April 26th. The shares were bought at an average price of $8.64 per share, with a total value of $50,051.52. Following the completion of the purchase, the director now owns 10,608 shares of the company’s stock, valued at approximately $91,653.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Bill Maher acquired 7,000 shares of the stock in a transaction on Thursday, April 22nd. The shares were bought at an average cost of $8.59 per share, for a total transaction of $60,130.00. Following the purchase, the director now directly owns 12,353 shares of the company’s stock, valued at approximately $106,112.27. The disclosure for this purchase can be found here. Insiders have purchased 19,793 shares of company stock valued at $170,942 over the last quarter. 16.70% of the stock is owned by company insiders.

Aberdeen Emerging Markets Equity Income Fund Company Profile

Aberdeen Emerging Markets Equity Income Fund, Inc is a closed ended balanced mutual fund and managed by Aberdeen Asset Managers Limited. It invests in the public equity and fixed income markets of Chile. The fund seeks to invest in securities of companies operating across diversified sectors. It employs fundamental analysis with a bottom-up security selection approach to create its portfolio.

Recommended Story: What is the Current Ratio?

Receive News & Ratings for Aberdeen Emerging Markets Equity Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Emerging Markets Equity Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.