The India Fund, Inc. (NYSE:IFN – Get Free Report) announced a dividend on Tuesday, May 20th, investing.com reports. Stockholders of record on Friday, May 23rd will be given a dividend of 0.41 per share by the investment management company on Monday, June 30th. This represents a dividend yield of 9.79%. The ex-dividend date of this dividend is Thursday, May 22nd.
The India Fund has decreased its dividend payment by an average of 1.6% annually over the last three years.
The India Fund Stock Performance
Shares of NYSE IFN opened at $16.65 on Tuesday. The India Fund has a 1 year low of $13.76 and a 1 year high of $19.25. The company has a 50 day simple moving average of $15.50 and a 200-day simple moving average of $16.00.
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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