The India Fund, Inc. (NYSE:IFN – Get Free Report) announced a quarterly dividend on Thursday, November 9th, NASDAQ reports. Investors of record on Wednesday, November 22nd will be paid a dividend of 0.41 per share by the investment management company on Wednesday, January 10th. This represents a $1.64 dividend on an annualized basis and a yield of 9.30%. The ex-dividend date is Tuesday, November 21st.
The India Fund has raised its dividend by an average of 10.9% annually over the last three years.
The India Fund Stock Performance
Shares of IFN opened at $17.63 on Friday. The India Fund has a 12 month low of $14.40 and a 12 month high of $17.79. The stock’s 50-day moving average is $16.93 and its two-hundred day moving average is $16.50.
Hedge Funds Weigh In On The India Fund
The India Fund Company Profile
The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.
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