The India Fund, Inc. (NYSE:IFN) Announces Dividend Increase – $0.93 Per Share

The India Fund, Inc. (NYSE:IFN) declared a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Investors of record on Thursday, November 21st will be given a dividend of 0.93 per share by the investment management company on Friday, January 10th. This represents a $3.72 annualized dividend and a yield of 21.59%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from The India Fund’s previous quarterly dividend of $0.49.

The India Fund has decreased its dividend by an average of 5.6% per year over the last three years.

The India Fund Stock Performance

Shares of NYSE:IFN traded down $0.09 during midday trading on Wednesday, hitting $17.23. 272,396 shares of the company’s stock traded hands, compared to its average volume of 170,618. The firm’s fifty day moving average price is $18.32 and its two-hundred day moving average price is $18.11. The India Fund has a twelve month low of $16.62 and a twelve month high of $21.25.

About The India Fund

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.