India Fund, Inc. (NYSE:IFN – Get Free Report) announced a quarterly dividend on Monday, May 11th. Shareholders of record on Thursday, May 21st will be paid a dividend of 0.39 per share by the investment management company on Saturday, May 30th. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Thursday, May 21st.
India Fund Stock Down 2.6%
Shares of IFN opened at $11.80 on Tuesday. The business’s 50-day moving average is $11.89 and its two-hundred day moving average is $13.38. India Fund has a fifty-two week low of $10.84 and a fifty-two week high of $16.95.
Institutional Investors Weigh In On India Fund
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Decision Investments Inc. acquired a new stake in India Fund during the 1st quarter worth about $178,000. Virtu Financial LLC acquired a new stake in India Fund during the 4th quarter worth about $229,000. EP Wealth Advisors LLC acquired a new stake in India Fund during the 4th quarter worth about $809,000. NewEdge Advisors LLC grew its position in India Fund by 11.7% during the 4th quarter. NewEdge Advisors LLC now owns 18,543 shares of the investment management company’s stock worth $254,000 after purchasing an additional 1,939 shares during the period. Finally, XTX Topco Ltd acquired a new stake in India Fund during the 4th quarter worth about $666,000. 10.76% of the stock is owned by institutional investors and hedge funds.
About India Fund
The India Fund, Inc (NYSE: IFN) is a closed-end management investment company incorporated in Maryland. It seeks to provide shareholders with long-term growth of capital, as well as current income. The fund trades on the New York Stock Exchange and offers investors access to equity markets in India through a diversified portfolio of Indian companies.
IFN invests primarily in equity securities of companies organized or domiciled in India, including common stocks, depositary receipts and other equity-related instruments.
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