Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Declares $0.03 Monthly Dividend

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating) announced a monthly dividend on Wednesday, April 13th, Wall Street Journal reports. Investors of record on Friday, April 22nd will be paid a dividend of 0.0275 per share by the investment management company on Friday, April 29th. This represents a $0.33 dividend on an annualized basis and a yield of 9.88%. The ex-dividend date of this dividend is Thursday, April 21st.

NYSEAMERICAN:FAX traded up $0.03 during trading hours on Wednesday, reaching $3.34. The company’s stock had a trading volume of 467,626 shares, compared to its average volume of 1,208,785. Aberdeen Asia-Pacific Income Fund has a one year low of $3.22 and a one year high of $4.46.

A number of hedge funds have recently added to or reduced their stakes in FAX. Citadel Advisors LLC bought a new stake in Aberdeen Asia-Pacific Income Fund during the second quarter valued at about $69,000. Millennium Management LLC boosted its holdings in Aberdeen Asia-Pacific Income Fund by 218.0% during the second quarter. Millennium Management LLC now owns 34,250 shares of the investment management company’s stock valued at $152,000 after acquiring an additional 23,480 shares during the period. Credit Suisse AG bought a new stake in Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at about $2,388,000. NEXT Financial Group Inc boosted its holdings in Aberdeen Asia-Pacific Income Fund by 53.8% during the fourth quarter. NEXT Financial Group Inc now owns 201,057 shares of the investment management company’s stock valued at $768,000 after acquiring an additional 70,307 shares during the period. Finally, Thrivent Financial for Lutherans boosted its holdings in Aberdeen Asia-Pacific Income Fund by 10.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 604,548 shares of the investment management company’s stock valued at $2,310,000 after acquiring an additional 56,000 shares during the period. Institutional investors own 21.89% of the company’s stock.

About Aberdeen Asia-Pacific Income Fund (Get Rating)

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

See Also

Dividend History for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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