Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Get Free Report) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.36 per share on Tuesday, January 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Friday, November 20th.
Abrdn Australia Equity Fund Price Performance
Abrdn Australia Equity Fund stock opened at $12.46 on Thursday. The firm has a 50-day moving average of $12.65 and a two-hundred day moving average of $12.87. Abrdn Australia Equity Fund has a 1 year low of $11.76 and a 1 year high of $14.54.
About Abrdn Australia Equity Fund
abrdn Australia Equity Fund, Inc. is a closed-end investment company listed on the NYSE American under the symbol IAF. The fund seeks long-term capital appreciation by investing primarily in equity securities issued by companies based in, or deriving a substantial portion of their business from, Australia. The portfolio provides investors with access to a range of Australian industries and businesses through a professionally managed collection of publicly traded securities. Its investments may include companies across sectors such as financial services, materials, energy, healthcare, consumer goods and industrials, although portfolio composition changes over time.
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