Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Declares Quarterly Dividend of $0.13

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders 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 yield of 11.30%. The ex-dividend date is Thursday, November 21st. This is a positive change 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% per year over the last three years.

Abrdn Australia Equity Fund Trading Up 0.2 %

NYSEAMERICAN:IAF opened at $4.60 on Wednesday. Abrdn Australia Equity Fund has a 1-year low of $3.87 and a 1-year 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.