The India Fund, Inc. (NYSE:IFN - Get Free Report) declared a quarterly dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Thursday, May 22nd will be given a dividend of 0.41 per share by the investment management company on Monday, June 30th. This represents a $1.64 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend is Thursday, May 22nd.
The India Fund has decreased its dividend payment by an average of 1.6% per year over the last three years.
The India Fund Trading Up 1.1%
Shares of The India Fund stock traded up $0.18 on Friday, hitting $16.40. The company had a trading volume of 93,026 shares, compared to its average volume of 175,501. The India Fund has a 52 week low of $13.76 and a 52 week high of $19.25. The business has a 50-day simple moving average of $15.63 and a 200-day simple moving average of $15.98.
Institutional Trading of The India Fund
A hedge fund recently raised its stake in The India Fund stock. Focus Partners Wealth boosted its holdings in shares of The India Fund, Inc. (NYSE:IFN - Free Report) by 14.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,510 shares of the investment management company's stock after purchasing an additional 6,363 shares during the period. Focus Partners Wealth owned approximately 0.16% of The India Fund worth $797,000 at the end of the most recent quarter. Institutional investors own 10.76% of the company's stock.
About The India Fund
(
Get Free Report)
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.
Featured Stories
Before you consider The India Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and The India Fund wasn't on the list.
While The India Fund currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
