India Fund, Inc. (NYSE:IFN) Plans Dividend Increase – $0.91 Per Share

India Fund, Inc. (NYSE:IFN) announced a quarterly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 21st will be given a dividend of 0.906 per share by the investment management company on Monday, January 12th. This represents a c) annualized dividend and a yield of 23.9%. The ex-dividend date is Friday, November 21st. This is a 110.7% increase from India Fund’s previous quarterly dividend of $0.43.

India Fund Trading Up 0.2%

Shares of IFN stock traded up $0.04 during mid-day trading on Wednesday, reaching $15.16. The stock had a trading volume of 131,630 shares, compared to its average volume of 172,437. India Fund has a 12-month low of $13.76 and a 12-month high of $17.92. The business has a 50-day simple moving average of $14.97 and a 200 day simple moving average of $15.63.

Hedge Funds Weigh In On India Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IFN. one8zero8 LLC grew its position in shares of India Fund by 5.4% in the third quarter. one8zero8 LLC now owns 13,111 shares of the investment management company’s stock valued at $192,000 after purchasing an additional 676 shares during the last quarter. Osaic Holdings Inc. raised its position in shares of India Fund by 4.9% during the 2nd quarter. Osaic Holdings Inc. now owns 30,304 shares of the investment management company’s stock worth $501,000 after purchasing an additional 1,417 shares during the last quarter. Integrity Wealth Advisors Inc. lifted its stake in India Fund by 9.8% in the 1st quarter. Integrity Wealth Advisors Inc. now owns 16,114 shares of the investment management company’s stock valued at $254,000 after buying an additional 1,441 shares in the last quarter. Colonial Trust Advisors acquired a new stake in India Fund during the 2nd quarter valued at $31,000. Finally, Robertson Stephens Wealth Management LLC increased its position in India Fund by 8.8% during the second quarter. Robertson Stephens Wealth Management LLC now owns 30,850 shares of the investment management company’s stock worth $510,000 after buying an additional 2,500 shares in the last quarter. Institutional investors and hedge funds own 10.76% of the company’s stock.

India Fund Company Profile

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.