Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Announces Quarterly Dividend of $0.12

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) announced a quarterly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders of record on Friday, February 21st will be paid a dividend of 0.12 per share on Monday, March 31st. This represents a $0.48 annualized dividend and a dividend yield of 10.76%. The ex-dividend date of this dividend is Friday, February 21st.

Abrdn Australia Equity Fund has decreased its dividend by an average of 7.5% per year over the last three years.

Abrdn Australia Equity Fund Trading Up 0.7 %

NYSEAMERICAN:IAF traded up $0.03 during mid-day trading on Wednesday, hitting $4.46. 87,349 shares of the stock traded hands, compared to its average volume of 71,312. Abrdn Australia Equity Fund has a 52 week low of $3.95 and a 52 week high of $4.75.

Abrdn Australia Equity Fund Company Profile

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.