Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Stock to Pay Quarterly Dividend of $0.36

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) declared a quarterly dividend on Tuesday, November 10th. Stockholders of record on Friday, November 20th will be paid a dividend of $0.36 per share on Tuesday, January 12th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date is Friday, November 20th.

Abrdn Australia Equity Fund Trading Up 1.0%

NYSEAMERICAN:IAF traded up $0.12 during trading hours on Wednesday, reaching $12.46. The company had a trading volume of 11,428 shares, compared to its average volume of 27,744. Abrdn Australia Equity Fund has a 52 week low of $11.76 and a 52 week high of $14.54. The firm’s 50 day moving average price is $12.66 and its 200-day moving average price is $12.88.

About Abrdn Australia Equity Fund

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.