The India Fund, Inc. (NYSE:IFN – Get Free Report) announced a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Friday, May 23rd will be given a dividend of 0.41 per share by the investment management company on Monday, June 30th. This represents a yield of 9.79%. The ex-dividend date is Thursday, May 22nd.
The India Fund has decreased its dividend by an average of 1.6% annually over the last three years.
The India Fund Trading Up 1.3%
The India Fund stock opened at $16.75 on Tuesday. The India Fund has a 52-week low of $13.76 and a 52-week high of $19.25. The company’s 50 day moving average is $15.50 and its two-hundred day moving average is $16.00.
About The India Fund
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.
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