Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Get Free Report) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 24th will be given a dividend of 0.35 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 10.5%. The ex-dividend date of this dividend is Monday, August 24th.
Abrdn Australia Equity Fund Trading Down 0.2%
Shares of Abrdn Australia Equity Fund stock opened at $13.31 on Thursday. Abrdn Australia Equity Fund has a 1-year low of $11.76 and a 1-year high of $14.54. The company’s fifty day simple moving average is $12.56 and its 200-day simple moving average is $12.91.
About Abrdn Australia Equity Fund
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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