REG - abrdn Asian IncFd - First Interim Dividend

abrdn Asian Income FundAnnouncement

15/04/2025 15:15

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RNS Number : 1519F  abrdn Asian Income Fund Limited  15 April 2025

abrdn Asian Income Fund Limited (the "Company")

Legal Entity Identifier (LEI):  549300U76MLZF5F8MN87

 

15 April 2025

 

Declaration of First Interim Dividend

 

 

Highlights

 

·    Annualised dividend yield of 6.95%.

·    First quarterly interim dividend of 3.65p per share.

·    Despite volatile market conditions of late, the Board remains
confident that the Company's focus on high-quality, dividend-paying companies
continues to provide a resilient foundation for delivering positive outcomes
over time.

 

The Board has declared a first quarterly interim dividend of 3.65 pence per
share for the year ended 31 December 2025, which will be paid on 23 May 2025
to shareholders on the register at the close of business on 25 April 2025. The
ex-dividend date is 24 April 2025.

 

Based on a share price of 210p on 31 March 2025, this equates to an annualised
dividend yield of 6.95%.

 

This is the first dividend payment announced by the Company's following the
introduction of the enhanced dividend policy earlier this year, as part of
efforts to broaden the appeal of the Company's shares to a wider range of
investors and to reflect the sustained investor appetite for yield in the
current interest rate environment.

 

Despite recent market volatility sparked by US Government announcements on
global tariffs, the Board remains confident that the Company's focus on
high-quality, dividend-paying businesses provides a resilient foundation for
delivering positive long term outcomes. APAC markets, while facing these
ongoing geopolitical and trade-related headwinds, continue to offer fertile
ground for dividend investing, underpinned by strong corporate balance sheets,
robust cash flows, and a growing commitment to shareholder returns.

 

Asia offers investors some of the most diverse income sources in the world,
both geographically and across sectors - from globally competitive technology
firms in Taiwan and South Korea, to resource-rich companies in Australia, and
high-yielding financial institutions in Singapore and India. This breadth
supports a well-balanced income strategy that can weather different market
conditions while offering meaningful exposure to long-term growth themes such
as urbanisation, rising consumption and digital transformation across the
region.

 

The Company offers the option for shareholders to invest their dividend in a
Dividend Reinvestment Plan ('DRIP'), which is managed by the Company's
Registrar, Computershare Investor Services PLC. The deadline for elections
under the DRIP is 1 May 2025.

 

Note:

The Company's dividend policy, as announced on 16 January 2025, is to set the
dividend at 1.5625% per quarter of the Company's net asset value ("NAV"),
equating to approximately 6.25% of NAV per annum. The dividend is calculated
using the Company's NAV on the last business day of the preceding financial
quarter (i.e. the end of March, June, September and December). The first
quarterly interim dividend of 3.65 pence per share is based on 1.5625% of the
Company's NAV of 233.63p per share as at 31 March 2025.

 

 

For further information, please contact:

 

Aberdeen (Investment Manager):

Ben Heatley, Head of Closed End Fund Sales

Ben.Heatley@aberdeenplc.com

 

Maria Allen, Client Director, Closed End Funds

Maria.Allen@aberdeenplc.com

 

Peel Hunt LLP (Corporate Broker):

Luke Simpson, Huw Jeremy (Investment Banking)

 

Alex Howe, Richard Harris (Sales)

 

020 7418 8900

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