abrdn Emerging Markets ex-China Fund, Inc.
AEFFinancial Services · Stock · quarterly payer
Forward Yield
10.62%
Annual Dividend
$1.04
Payout Ratio
16%
5-Yr Growth
28.2%
Ex-Date
Sep 22, 2026
Frequency
Quarterly
Summary
As of September 2026, abrdn Emerging Markets ex-China Fund, Inc. (AEF) yields 10.62% ($1.04 per share annually), with a blended fair-value estimate of $11.24 — +15% upside, so it screens as fairly valued. Dividend safety grade: C (63/100). 1 years of dividend growth.
Is AEF a good dividend stock?
Yes, with caveatsabrdn Emerging Markets ex-China Fund, Inc. (AEF) pays a quarterly dividend yielding 10.62% ($1.04/yr), with 1 year of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (16%)
- Strong 28.2% 5-yr dividend growth
Risks
- Cut its dividend in 2023
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 10.62%
- Payout Ratio
- 16%
- Annual Dividend
- $1.04
- 5-Yr Avg Growth
- 28.2%
- Ex-Dividend Date
- Sep 22, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 1.06
- Market Cap
- $397.5M
- P/E Ratio
- 2.0
- 5-Yr Total Return
- 18%
- 52-Week Range
- $6.25 – $10.14
- Dividend Safety
- C · 63/100
- Ever Cut?
- Yes (2023)
Frequently Asked Questions
AEF Price — Last 12 Months
Daily close
Price Return
1 Year
+42%
3 Years
+121%
5 Years
+18%
52-Week Range
$6.25 – $10.14
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AEF worth?
Fairly valuedlow confidenceOur blended fair-value estimate for abrdn Emerging Markets ex-China Fund, Inc. is $11.24 per share, versus a market price of $9.79. That implies the stock is roughly fairly priced.
Fair Value
$11.24
Current Price
$9.79
Gap
+15%
Margin of Safety
13%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 20.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.6% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $4.83 EPS, $1.04 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AEF Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.2300 | regular |
| Mar 24, 2026 | — | $0.2100 | regular |
| Dec 31, 2025 | — | $0.1800 | regular |
| Sep 23, 2025 | — | $0.1700 | regular |
| Jun 23, 2025 | — | $0.1500 | regular |
| Mar 25, 2025 | — | $0.1500 | regular |
| Dec 30, 2024 | — | $0.1000 | regular |
| Sep 23, 2024 | — | $0.1000 | regular |
| Jun 21, 2024 | — | $0.1000 | regular |
| Mar 20, 2024 | — | $0.0900 | regular |
| Dec 28, 2023 | — | $0.0900 | regular |
| Sep 21, 2023 | — | $0.1000 | regular |
| Jun 22, 2023 | — | $0.1000 | regular |
| Mar 23, 2023 | — | $0.1000 | regular |
Income Calculator
At $1.04 / yr per share
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