14th Jan 2020 15:51
(Alliance News) - Aberdeen Asian Income Fund Ltd on Tuesday declared a fourth interim dividend for 2019 of 2.5 pence a share.
A year ago, the investment company paid a 2.40p per share payout.
As a result, the total dividend for 2019 amounted to 9.25 pence, up 1.1% from 9.15p the year before, representing an eleventh consecutive year of annual dividend increases.
Looking ahead, Aberdeen Asian Income Fund said it intends to declare three interim dividends of 2.25p per share in 2020, in the absence of "unforeseen circumstances".
The stock was trading 1.4% higher in London on Tuesday at 221.00p a share.
By Evelina Grecenko; [email protected]
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