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

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating) declared a monthly dividend on Thursday, May 12th, Wall Street Journal reports. Investors of record on Friday, May 20th will be paid a dividend of 0.0275 per share by the investment management company on Tuesday, May 31st. This represents a $0.33 annualized dividend and a yield of 11.04%. The ex-dividend date of this dividend is Thursday, May 19th.

Aberdeen Asia-Pacific Income Fund has decreased its dividend by an average of 7.7% annually over the last three years.

Shares of FAX opened at $2.99 on Friday. Aberdeen Asia-Pacific Income Fund has a 12-month low of $2.96 and a 12-month high of $4.46.

Several hedge funds have recently added to or reduced their stakes in the company. Credit Suisse AG bought a new stake in shares of Aberdeen Asia-Pacific Income Fund in the 4th quarter valued at approximately $2,388,000. Thrivent Financial for Lutherans boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 10.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 604,548 shares of the investment management company’s stock worth $2,310,000 after acquiring an additional 56,000 shares in the last quarter. Raymond James & Associates boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 51.0% in the 1st quarter. Raymond James & Associates now owns 262,835 shares of the investment management company’s stock worth $888,000 after acquiring an additional 88,820 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund by 140.8% in the 4th quarter. NewEdge Advisors LLC now owns 249,233 shares of the investment management company’s stock worth $952,000 after acquiring an additional 145,733 shares in the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in Aberdeen Asia-Pacific Income Fund by 53.8% during the 4th quarter. NEXT Financial Group Inc now owns 201,057 shares of the investment management company’s stock worth $768,000 after buying an additional 70,307 shares in the last quarter. Institutional investors own 20.38% of the company’s stock.

Aberdeen Asia-Pacific Income Fund Company Profile (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.

Further Reading

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

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