Aberdeen Asia IT to pay dividend quarterly

The Aberdeen Asian Income fund has confirmed a total dividend increase of over 5% and says payments will be made quarterly from this year.

In its financial report to 31 December 2009, the investment trust, managed by Aberdeen's Singapore-based Asia Pacific equity team, also revealed diluted net asset value per ordinary share was up 27% while the share price rose by 33.8%. Some 1.35 million new shares were issued at a premium to NAV, it adds. For the last two years the net asset value outperformed the benchmark by about 10%, says the team. "The swift turnaround in Asian equity markets in 2009 was remarkable, but it will be harder to make further headway, given the stellar performance last year," Aberdeen Asset Management ...