The India Fund, Inc. (NYSE:IFN – Get Free Report) announced a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.46 per share by the investment management company on Monday, March 31st. This represents a $1.84 dividend on an annualized basis and a yield of 11.66%. The ex-dividend date is Friday, February 21st.
The India Fund has decreased its dividend payment by an average of 1.6% per year over the last three years.
The India Fund Price Performance
IFN stock traded down $0.09 during mid-day trading on Wednesday, reaching $15.78. 163,153 shares of the stock traded hands, compared to its average volume of 206,268. The India Fund has a 52-week low of $15.60 and a 52-week high of $21.25. The stock’s fifty day moving average is $16.23 and its 200-day moving average is $17.48.
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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