Abrdn Japan Equity Fund Inc Declares Quarterly Dividend of $0.11 (NYSE:JEQ)

Abrdn Japan Equity Fund Inc (NYSE:JEQ) 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 0.11 per share on Monday, March 31st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 7.51%. The ex-dividend date is Friday, February 21st.

Abrdn Japan Equity Fund has decreased its dividend payment by an average of 21.7% per year over the last three years.

Abrdn Japan Equity Fund Price Performance

Shares of JEQ opened at $5.86 on Thursday. Abrdn Japan Equity Fund has a 1 year low of $5.27 and a 1 year high of $6.39. The company’s 50 day simple moving average is $5.79 and its 200 day simple moving average is $5.91.

About Abrdn Japan Equity Fund

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.