Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF – Get Free Report) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Monday, August 24th will be given a dividend of 0.35 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Monday, August 24th.
Abrdn Australia Equity Fund Stock Performance
Abrdn Australia Equity Fund stock traded down $0.05 during midday trading on Wednesday, reaching $13.28. The stock had a trading volume of 4,165 shares, compared to its average volume of 27,181. Abrdn Australia Equity Fund has a 52-week low of $11.76 and a 52-week high of $14.54. The company has a fifty day moving average of $12.55 and a 200 day moving average of $12.91.
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.
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