abrdn Asian Income Fund Limited First Interim Dividend

RNS Number : 8526K

abrdn Asian Income Fund Limited

16 April 2024

 

abrdn Asian Income Fund Limited (the "Company")

Legal Entity Identifier (LEI):  549300U76MLZF5F8MN87

 

16 April 2024

 

Declaration of First Interim Dividend

 

The Directors of the Company have today declared a first interim dividend in respect of the year ending 31 December 2024 of 2.55p per Ordinary share of No Par Value (first interim for 2023: 2.50p). The first interim dividend will be payable on 24 May 2024 to Ordinary shareholders on the register on 26 April 2024, ex-dividend date 25 April 2024.

 

The Board is aware of the importance of dividends to shareholders and is pleased to reiterate that, in the absence of unforeseen circumstances, the intention is to continue to grow the total dividend year on year. This will enable the Company to retain its status as a "next generation dividend hero" as recognised by the Association of Investment Companies.

 

The level of the remaining three dividends for 2023 will be considered at each quarter end, at which point an announcement will be made by the Company. There are healthy revenue reserves built up by the Company that the Board will consider using as appropriate. Any decision as to whether revenue reserves will be utilised (and by how much) will be taken at the time of the declaration of the fourth interim dividend in January 2025.

 

The Company operates a Dividend Reinvestment Plan ("DRIP") which is managed by the registrar, Link Group, and the deadline for elections under the DRIP will be 26 April 2024.

 

abrdn Investments Limited

Administrator

 

 

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