Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Announces Quarterly Dividend of $0.36

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Friday, November 20th will be given a dividend of $0.36 per share on Monday, November 30th. This represents a $1.44 annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Friday, November 20th. This is a 2.9% increase from Abrdn Australia Equity Fund’s previous quarterly dividend of $0.35.

Abrdn Australia Equity Fund Price Performance

IAF traded up $0.06 during midday trading on Wednesday, hitting $12.40. 889 shares of the company were exchanged, compared to its average volume of 27,694. The company’s 50 day simple moving average is $12.66 and its 200 day simple moving average is $12.88. Abrdn Australia Equity Fund has a 1-year low of $11.76 and a 1-year high of $14.54.

About Abrdn Australia Equity Fund

abrdn Australia Equity Fund, Inc. is a closed-end investment company listed on the NYSE American under the symbol IAF. The fund seeks long-term capital appreciation by investing primarily in equity securities issued by companies based in, or deriving a substantial portion of their business from, Australia. The portfolio provides investors with access to a range of Australian industries and businesses through a professionally managed collection of publicly traded securities. Its investments may include companies across sectors such as financial services, materials, energy, healthcare, consumer goods and industrials, although portfolio composition changes over time.