Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Declares Quarterly Dividend of $0.35

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.35 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 10.5%. The ex-dividend date is Monday, August 24th.

Abrdn Australia Equity Fund Stock Down 0.4%

Shares of IAF stock traded down $0.05 during mid-day trading on Wednesday, hitting $13.28. 4,157 shares of the stock traded hands, compared to its average volume of 27,180. Abrdn Australia Equity Fund has a twelve month low of $11.76 and a twelve month high of $14.54. The company’s 50-day simple moving average is $12.55 and its 200-day simple moving average is $12.91.

Abrdn Australia Equity Fund Company Profile

Abrdn Australia Equity Fund (NYSE American: IAF) is a closed-end investment company that seeks long-term capital growth through a diversified portfolio of Australian equities. Listed on the NYSE American exchange, the fund provides U.S. and international investors with direct exposure to the Australian stock market, encompassing companies across a range of sectors including financials, materials, healthcare and consumer staples.

The fund’s investment strategy is driven by a bottom-up, fundamental research process led by abrdn’s Australia-based equity team.