The India Fund, Inc. (NYSE:IFN – Get Free Report) declared a quarterly dividend on Monday, May 20th, Wall Street Journal reports. Investors of record on Thursday, May 30th will be paid a dividend of 0.45 per share by the investment management company on Friday, July 5th. This represents a $1.80 annualized dividend and a yield of 10.03%. The ex-dividend date is Thursday, May 30th. This is a positive change from The India Fund’s previous quarterly dividend of $0.43.
The India Fund has decreased its dividend by an average of 5.6% annually over the last three years.
The India Fund Stock Up 0.3 %
Shares of NYSE IFN traded up $0.06 during trading on Tuesday, hitting $17.95. 201,176 shares of the company traded hands, compared to its average volume of 191,470. The company has a 50-day moving average price of $18.98 and a 200-day moving average price of $18.76. The India Fund has a 1 year low of $15.12 and a 1 year high of $21.25.
The India Fund Company Profile
The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.
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