Abrdn Australia Equity Fund Inc (IAF) to Issue Quarterly Dividend of $0.35 on August 31st

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Monday, August 24th will be paid a dividend of 0.35 per share on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, August 24th.

Abrdn Australia Equity Fund Price Performance

Shares of Abrdn Australia Equity Fund stock opened at $13.31 on Thursday. The firm has a fifty day moving average price of $12.56 and a 200 day moving average price of $12.91. Abrdn Australia Equity Fund has a 1 year low of $11.76 and a 1 year high of $14.54.

Abrdn Australia Equity Fund Company Profile

Abrdn Australia Equity Fund (NYSE American: IAF) is a closed-end investment company that seeks long-term capital growth through a diversified portfolio of Australian equities. Listed on the NYSE American exchange, the fund provides U.S. and international investors with direct exposure to the Australian stock market, encompassing companies across a range of sectors including financials, materials, healthcare and consumer staples.

The fund’s investment strategy is driven by a bottom-up, fundamental research process led by abrdn’s Australia-based equity team.