India Fund, Inc. (NYSE:IFN – Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $12.05 and traded as low as $11.82. India Fund shares last traded at $11.9030, with a volume of 170,969 shares trading hands.
India Fund Trading Down 0.7%
The company has a 50 day moving average of $11.51 and a 200-day moving average of $12.03.
India Fund Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Monday, August 24th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Monday, August 24th.
Institutional Investors Weigh In On India Fund
India Fund Company Profile
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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