Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Plans Dividend Increase – $0.13 Per Share

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) declared a quarterly dividend on Wednesday, November 13th,Wall Street Journal reports. Investors of record on Thursday, November 21st will be paid a dividend of 0.13 per share on Friday, January 10th. This represents a $0.52 dividend on an annualized basis and a yield of 11.56%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.12.

Abrdn Australia Equity Fund has raised its dividend by an average of 55.6% per year over the last three years.

Abrdn Australia Equity Fund Price Performance

Shares of IAF stock opened at $4.50 on Friday. Abrdn Australia Equity Fund has a 1-year low of $3.87 and a 1-year high of $4.75.

Abrdn Australia Equity Fund Company Profile

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.