The India Fund, Inc. (NYSE:IFN – Get Free Report) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.46 per share by the investment management company on Monday, March 31st. This represents a $1.84 annualized dividend and a dividend yield of 11.66%. The ex-dividend date of this dividend is Friday, February 21st.
The India Fund has decreased its dividend by an average of 1.6% per year over the last three years.
The India Fund Trading Down 0.5 %
Shares of NYSE IFN traded down $0.09 during mid-day trading on Wednesday, hitting $15.78. 163,153 shares of the stock traded hands, compared to its average volume of 206,273. The India Fund has a twelve month low of $15.60 and a twelve month high of $21.25. The firm has a 50 day simple moving average of $16.23 and a two-hundred day simple moving average of $17.48.
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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