Aberdeen Asia-Pacific Income Fund (FAX) Getting Somewhat Positive Press Coverage, Report Finds
Press coverage about Aberdeen Asia-Pacific Income Fund (NYSE:FAX) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aberdeen Asia-Pacific Income Fund earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news articles about the investment management company an impact score of 46.508481968465 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Shares of Aberdeen Asia-Pacific Income Fund (NYSE:FAX) remained flat at $5.17 during mid-day trading on Friday. The company had a trading volume of 321,437 shares. Aberdeen Asia-Pacific Income Fund has a 52-week low of $4.56 and a 52-week high of $5.29. The company’s 50-day moving average is $5.16 and its 200-day moving average is $5.04.
The company also recently announced a monthly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 22nd will be given a $0.035 dividend. This represents a $0.42 annualized dividend and a dividend yield of 8.12%. The ex-dividend date is Thursday, September 21st.
In other news, major shareholder Voya Financial, Inc. bought 24,000,000 shares of the firm’s stock in a transaction dated Thursday, August 10th. The shares were bought at an average price of $24,000,000.00 per share, with a total value of $576,000,000,000,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Aberdeen Asia-Pacific Income Fund Company Profile
Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in Asian debt securities, Australian debt securities and New Zealand debt securities.
Receive News & Ratings for Aberdeen Asia-Pacific Income Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asia-Pacific Income Fund Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.