The India Fund, Inc. (NYSE:IFN – Get Free Report) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors 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 of this dividend is Friday, February 21st.
The India Fund has decreased its dividend payment by an average of 1.6% annually over the last three years.
The India Fund Stock Performance
Shares of NYSE:IFN opened at $15.78 on Thursday. The India Fund has a 1 year low of $15.60 and a 1 year high of $21.25. The business has a fifty day moving average price of $16.20 and a two-hundred day moving average price of $17.47.
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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