India Fund, Inc. (IFN) to Issue Quarterly Dividend of $0.39 on May 30th

India Fund, Inc. (NYSE:IFN) declared a quarterly dividend on Monday, May 11th. Investors of record on Thursday, May 21st will be paid a dividend of 0.39 per share by the investment management company on Saturday, May 30th. This represents a c) dividend on an annualized basis and a yield of 13.6%. The ex-dividend date is Thursday, May 21st.

India Fund Stock Down 2.4%

Shares of India Fund stock opened at $11.51 on Wednesday. India Fund has a one year low of $10.84 and a one year high of $16.95. The stock’s fifty day moving average is $11.85 and its 200 day moving average is $13.35.

Hedge Funds Weigh In On India Fund

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in India Fund in the 3rd quarter worth $26,000. International Assets Investment Management LLC bought a new position in India Fund in the 4th quarter worth $34,000. Wolverine Asset Management LLC bought a new position in India Fund in the 3rd quarter worth $49,000. TrueMark Investments LLC bought a new position in India Fund in the 4th quarter worth $137,000. Finally, Baker Ellis Asset Management LLC bought a new position in India Fund in the 4th quarter worth $165,000. 10.76% of the stock is owned by institutional investors.

About India Fund

The India Fund, Inc (NYSE: IFN) is a closed-end management investment company incorporated in Maryland. It seeks to provide shareholders with long-term growth of capital, as well as current income. The fund trades on the New York Stock Exchange and offers investors access to equity markets in India through a diversified portfolio of Indian companies.

IFN invests primarily in equity securities of companies organized or domiciled in India, including common stocks, depositary receipts and other equity-related instruments.