The India Fund, Inc. (NYSE:IFN - Get Free Report) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be given 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 dividend yield of 11.69%. The ex-dividend date of this dividend is Friday, February 21st.
The India Fund has decreased its dividend by an average of 1.6% per year over the last three years.
The India Fund Price Performance
Shares of IFN traded down $0.18 during trading hours on Friday, hitting $15.74. The company had a trading volume of 276,437 shares, compared to its average volume of 210,540. The India Fund has a 52-week low of $15.60 and a 52-week high of $21.25. The firm has a fifty day moving average price of $16.14 and a 200-day moving average price of $17.43.
About The India Fund
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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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