Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Thursday, April 11th, Wall Street Journal reports. Investors of record on Monday, April 22nd will be given a dividend of 0.0275 per share by the investment management company on Tuesday, April 30th. This represents a $0.33 dividend on an annualized basis and a yield of 7.99%. The ex-dividend date of this dividend is Thursday, April 18th.
FAX stock opened at $4.13 on Wednesday. Aberdeen Asia-Pacific Income Fund has a fifty-two week low of $3.82 and a fifty-two week high of $4.74.
A hedge fund recently bought a new stake in Aberdeen Asia-Pacific Income Fund stock. Geode Capital Management LLC acquired a new position in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 49,432 shares of the investment management company’s stock, valued at approximately $191,000.
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About Aberdeen Asia-Pacific Income Fund
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.
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