Abrdn Japan Equity Fund Inc (NYSE:JEQ) Plans Quarterly Dividend of $0.12

Abrdn Japan Equity Fund Inc (NYSE:JEQ) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Shareholders of record on Thursday, November 21st will be paid a dividend of 0.12 per share on Friday, January 10th. This represents a $0.48 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend is Thursday, November 21st.

Abrdn Japan Equity Fund has decreased its dividend by an average of 1.9% annually over the last three years.

Abrdn Japan Equity Fund Price Performance

NYSE JEQ traded down $0.08 during trading on Wednesday, reaching $5.80. 19,308 shares of the company’s stock were exchanged, compared to its average volume of 41,202. Abrdn Japan Equity Fund has a fifty-two week low of $5.27 and a fifty-two week high of $6.39. The business has a 50 day moving average price of $6.03 and a 200-day moving average price of $5.97.

Abrdn Japan Equity Fund Company Profile

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.