Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Get Free Report) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.36 per share on Saturday, May 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend is Thursday, May 21st.
Abrdn Australia Equity Fund Stock Up 0.5%
IAF opened at $13.05 on Tuesday. The stock’s 50 day moving average price is $12.72 and its 200-day moving average price is $13.12. Abrdn Australia Equity Fund has a one year low of $11.76 and a one year high of $14.54.
Abrdn Australia Equity Fund Company Profile
Abrdn Australia Equity Fund (NYSE American: IAF) is a closed-end investment company that seeks long-term capital growth through a diversified portfolio of Australian equities. Listed on the NYSE American exchange, the fund provides U.S. and international investors with direct exposure to the Australian stock market, encompassing companies across a range of sectors including financials, materials, healthcare and consumer staples.
The fund’s investment strategy is driven by a bottom-up, fundamental research process led by abrdn’s Australia-based equity team.
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