Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) to Issue Quarterly Dividend of $0.35

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) declared a quarterly dividend on Tuesday, August 11th. Stockholders of record on Monday, August 24th will be given a dividend of 0.35 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date of this dividend is Monday, August 24th.

Abrdn Australia Equity Fund Price Performance

Shares of NYSEAMERICAN IAF traded down $0.05 during midday trading on Wednesday, hitting $13.28. 6,437 shares of the company’s stock were exchanged, compared to its average volume of 27,181. The firm’s fifty day simple moving average is $12.55 and its 200-day simple moving average is $12.91. Abrdn Australia Equity Fund has a twelve month low of $11.76 and a twelve month high of $14.54.

About Abrdn Australia Equity Fund

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.