Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Announces Quarterly Dividend of $0.36

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) announced a quarterly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.36 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 10.0%. The ex-dividend date of this dividend is Friday, February 20th.

Abrdn Australia Equity Fund Price Performance

IAF stock traded up $0.27 during mid-day trading on Wednesday, hitting $14.46. The stock had a trading volume of 48,553 shares, compared to its average volume of 28,200. The firm has a fifty day simple moving average of $13.25 and a 200 day simple moving average of $13.44. Abrdn Australia Equity Fund has a 52 week low of $10.05 and a 52 week high of $14.54.

About Abrdn Australia Equity Fund

Abrdn Australia Equity Fund (NYSE American: IAF) is a closed-end investment company that seeks long-term capital growth through a diversified portfolio of Australian equities. Listed on the NYSE American exchange, the fund provides U.S. and international investors with direct exposure to the Australian stock market, encompassing companies across a range of sectors including financials, materials, healthcare and consumer staples.

The fund’s investment strategy is driven by a bottom-up, fundamental research process led by abrdn’s Australia-based equity team.