Aberdeen Asia-Pacific Income Fund, Inc. (FAX) to Issue Monthly Dividend of $0.04 on September 29th
Aberdeen Asia-Pacific Income Fund, Inc. (NYSE:FAX) announced a monthly dividend on Wednesday, September 13th, Wall Street Journal reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.035 per share by the investment management company on Friday, September 29th. This represents a $0.42 annualized dividend and a yield of 8.08%. The ex-dividend date is Thursday, September 21st.
Shares of Aberdeen Asia-Pacific Income Fund (FAX) opened at 5.20 on Wednesday. Aberdeen Asia-Pacific Income Fund has a 1-year low of $4.56 and a 1-year high of $5.29. The firm’s 50-day moving average price is $5.16 and its 200 day moving average price is $5.04.
In other news, major shareholder Voya Financial, Inc. purchased 24,000,000 shares of the business’s stock in a transaction on Thursday, August 10th. The stock was purchased at an average cost of $24,000,000.00 per share, with a total value of $576,000,000,000,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
WARNING: “Aberdeen Asia-Pacific Income Fund, Inc. (FAX) to Issue Monthly Dividend of $0.04 on September 29th” was posted by Daily Political and is the property of of Daily Political. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.dailypolitical.com/2017/09/20/aberdeen-asia-pacific-income-fund-inc-fax-to-issue-monthly-dividend-of-0-04-on-september-29th.html.
Aberdeen Asia-Pacific Income Fund Company Profile
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.
Receive News & Ratings for Aberdeen Asia-Pacific Income Fund Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asia-Pacific Income Fund Inc. and related companies with MarketBeat.com's FREE daily email newsletter.