The India Fund, Inc. (NYSE:IFN – Get Free Report) announced a quarterly dividend on Monday, November 11th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.93 per share by the investment management company on Friday, January 10th. This represents a $3.72 annualized dividend and a dividend yield of 21.08%. The ex-dividend date is Thursday, November 21st. This is an increase 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 Price Performance
The India Fund stock opened at $17.65 on Tuesday. The company’s 50-day moving average is $18.26 and its 200 day moving average is $18.09. The India Fund has a 1-year low of $16.62 and a 1-year high of $21.25.
About The India Fund
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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