Aberdeen Australia Equity Fund Inc (NYSEAMERICAN:IAF) announced a — dividend on Friday, September 13th, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be given a dividend of 0.14 per share on Monday, September 30th. This represents a yield of 10.3%. The ex-dividend date is Friday, September 20th.
Aberdeen Australia Equity Fund has decreased its dividend payment by an average of 7.9% annually over the last three years.
IAF traded up $0.04 during midday trading on Friday, hitting $5.43. The company had a trading volume of 7,639 shares, compared to its average volume of 53,335. Aberdeen Australia Equity Fund has a twelve month low of $4.63 and a twelve month high of $6.13.
Aberdeen Australia Equity Fund, Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.
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