India Fund, Inc. (NYSE:IFN - Get Free Report) announced a quarterly dividend on Tuesday, August 12th, Wall Street Journal reports. Investors of record on Friday, August 22nd will be paid a dividend of 0.43 per share by the investment management company on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend is Friday, August 22nd. This is a 4.9% increase from India Fund's previous quarterly dividend of $0.41.
India Fund Stock Performance
NYSE IFN traded up $0.07 on Tuesday, reaching $15.40. The stock had a trading volume of 149,816 shares, compared to its average volume of 172,538. The firm has a fifty day moving average of $16.04 and a two-hundred day moving average of $15.73. India Fund has a 1-year low of $13.76 and a 1-year high of $19.25.
About India Fund
(
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The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.
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