Aberdeen Asia-Pacific Income Fund, Inc. (FAX) to Issue Monthly Dividend of $0.04
Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) declared a monthly dividend on Thursday, August 10th, Wall Street Journal reports. Stockholders of record on Monday, August 21st will be given a dividend of 0.035 per share by the investment management company on Monday, August 28th. This represents a $0.42 annualized dividend and a dividend yield of 8.37%. The ex-dividend date of this dividend is Thursday, August 17th.
Aberdeen Asia-Pacific Income Fund (FAX) traded down 1.18% on Thursday, hitting $5.02. The stock had a trading volume of 1,469,891 shares. Aberdeen Asia-Pacific Income Fund has a one year low of $4.56 and a one year high of $5.55. The company’s 50-day moving average price is $5.09 and its 200 day moving average price is $4.98.
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About Aberdeen Asia-Pacific Income Fund
Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in Asian debt securities, Australian debt securities and New Zealand debt securities.
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