Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Get Free Report) declared a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be given a dividend of 0.12 per share on Monday, March 31st. This represents a $0.48 annualized dividend and a yield of 10.76%. The ex-dividend date of this dividend is Friday, February 21st.
Abrdn Australia Equity Fund has decreased its dividend by an average of 7.5% annually over the last three years.
Abrdn Australia Equity Fund Price Performance
Shares of IAF stock opened at $4.46 on Thursday. Abrdn Australia Equity Fund has a 1 year low of $3.95 and a 1 year high of $4.75.
About Abrdn Australia Equity Fund
Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.
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