The India Fund, Inc. (IFN) to Issue Quarterly Dividend of $0.93 on January 10th

The India Fund, Inc. (NYSE:IFN) announced a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.93 per share by the investment management company on Friday, January 10th. This represents a $3.72 dividend on an annualized basis and a dividend yield of 21.59%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from The India Fund’s previous quarterly dividend of $0.49.

The India Fund has decreased its dividend payment by an average of 5.6% per year over the last three years.

The India Fund Stock Down 0.5 %

Shares of IFN traded down $0.09 during trading hours on Wednesday, hitting $17.23. 285,047 shares of the stock were exchanged, compared to its average volume of 170,676. The India Fund has a 12-month low of $16.62 and a 12-month high of $21.25. The stock’s 50-day moving average price is $18.32 and its two-hundred day moving average price is $18.11.

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.