Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Raises Dividend to $0.36 Per Share

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.36 per share on Monday, November 30th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Friday, November 20th. This is a 2.9% increase from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.35.

Abrdn Australia Equity Fund Trading Up 0.4%

Shares of IAF stock traded up $0.05 on Wednesday, hitting $12.39. The company had a trading volume of 947 shares, compared to its average volume of 27,695. Abrdn Australia Equity Fund has a twelve month low of $11.76 and a twelve month high of $14.54. The stock’s 50-day moving average is $12.66 and its two-hundred day moving average is $12.88.

Abrdn Australia Equity Fund Company Profile

abrdn Australia Equity Fund, Inc. is a closed-end investment company listed on the NYSE American under the symbol IAF. The fund seeks long-term capital appreciation by investing primarily in equity securities issued by companies based in, or deriving a substantial portion of their business from, Australia. The portfolio provides investors with access to a range of Australian industries and businesses through a professionally managed collection of publicly traded securities. Its investments may include companies across sectors such as financial services, materials, energy, healthcare, consumer goods and industrials, although portfolio composition changes over time.