Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Get Free Report) announced a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be given a dividend of 0.13 per share on Friday, January 10th. This represents a $0.52 annualized dividend and a dividend yield of 11.48%. The ex-dividend date is Thursday, November 21st. This is a boost from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.12.
Abrdn Australia Equity Fund has increased its dividend by an average of 55.6% annually over the last three years.
Abrdn Australia Equity Fund Price Performance
Shares of IAF traded up $0.03 during mid-day trading on Thursday, hitting $4.53. 14,324 shares of the company’s stock were exchanged, compared to its average volume of 64,305. Abrdn Australia Equity Fund has a fifty-two week low of $3.87 and a fifty-two week high of $4.75.
Abrdn Australia Equity Fund Company Profile
Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.
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