Abrdn Australia Equity Fund Inc (IAF) To Go Ex-Dividend on November 21st

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) announced a quarterly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 21st will be given a dividend of 0.38 per share on Monday, January 12th. This represents a c) dividend on an annualized basis and a dividend yield of 11.1%. The ex-dividend date of this dividend is Friday, November 21st. This is a 5.6% increase from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.36.

Abrdn Australia Equity Fund Stock Up 0.3%

Shares of NYSEAMERICAN:IAF opened at $13.67 on Thursday. Abrdn Australia Equity Fund has a 1 year low of $10.05 and a 1 year high of $14.15. The stock’s fifty day moving average price is $13.66 and its 200-day moving average price is $13.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its holdings in Abrdn Australia Equity Fund by 64.8% in the second quarter. Bank of America Corp DE now owns 12,121 shares of the company’s stock worth $54,000 after purchasing an additional 4,765 shares during the last quarter. Bridgewealth Advisory Group LLC bought a new position in shares of Abrdn Australia Equity Fund during the 2nd quarter valued at $141,000. Shaker Financial Services LLC boosted its stake in shares of Abrdn Australia Equity Fund by 20.0% in the 1st quarter. Shaker Financial Services LLC now owns 75,045 shares of the company’s stock worth $302,000 after buying an additional 12,500 shares during the last quarter. NWF Advisory Services Inc. grew its holdings in shares of Abrdn Australia Equity Fund by 2.7% in the second quarter. NWF Advisory Services Inc. now owns 100,989 shares of the company’s stock worth $451,000 after acquiring an additional 2,661 shares during the period. Finally, Osaic Holdings Inc. grew its holdings in shares of Abrdn Australia Equity Fund by 5.0% in the second quarter. Osaic Holdings Inc. now owns 122,535 shares of the company’s stock worth $548,000 after acquiring an additional 5,818 shares during the period.

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.