Abrdn Australia Equity Fund Inc (IAF) To Go Ex-Dividend on May 21st

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) declared a quarterly dividend on Monday, May 11th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.36 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 11.3%. The ex-dividend date of this dividend is Thursday, May 21st.

Abrdn Australia Equity Fund Stock Down 1.3%

Shares of Abrdn Australia Equity Fund stock opened at $12.78 on Tuesday. The firm’s fifty day simple moving average is $12.66 and its 200-day simple moving average is $13.09. Abrdn Australia Equity Fund has a 12 month low of $11.76 and a 12 month high of $14.54.

Abrdn Australia Equity Fund Company Profile

Abrdn Australia Equity Fund (NYSE American: IAF) is a closed-end investment company that seeks long-term capital growth through a diversified portfolio of Australian equities. Listed on the NYSE American exchange, the fund provides U.S. and international investors with direct exposure to the Australian stock market, encompassing companies across a range of sectors including financials, materials, healthcare and consumer staples.

The fund’s investment strategy is driven by a bottom-up, fundamental research process led by abrdn’s Australia-based equity team.