Aberdeen Australia Equity Fund, Inc. Declares Quarterly Dividend of $0.15 (NYSEAMERICAN:IAF)

Aberdeen Australia Equity Fund, Inc. (NYSEAMERICAN:IAFGet Rating) declared a quarterly dividend on Thursday, May 12th, Wall Street Journal reports. Investors of record on Friday, May 20th will be paid a dividend of 0.15 per share on Thursday, June 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 11.52%. The ex-dividend date is Thursday, May 19th.

Aberdeen Australia Equity Fund has decreased its dividend payment by an average of 0.5% annually over the last three years.

Shares of IAF stock opened at $5.21 on Friday. Aberdeen Australia Equity Fund has a fifty-two week low of $5.05 and a fifty-two week high of $6.66.

An institutional investor recently raised its position in Aberdeen Australia Equity Fund stock. Morgan Stanley boosted its position in shares of Aberdeen Australia Equity Fund, Inc. (NYSEAMERICAN:IAFGet Rating) by 18.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,378 shares of the company’s stock after acquiring an additional 11,756 shares during the period. Morgan Stanley’s holdings in Aberdeen Australia Equity Fund were worth $444,000 as of its most recent SEC filing.

Aberdeen Australia Equity Fund Company Profile (Get Rating)

Aberdeen 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.

Further Reading

Dividend History for Aberdeen Australia Equity Fund (NYSEAMERICAN:IAF)

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