Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Tuesday, September 14th, Wall Street Journal reports. Investors of record on Monday, September 20th will be given a dividend of 0.0275 per share by the investment management company on Thursday, September 30th. This represents a $0.33 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Friday, September 17th.
FAX stock opened at $4.26 on Wednesday. Aberdeen Asia-Pacific Income Fund has a fifty-two week low of $3.78 and a fifty-two week high of $4.61.
An institutional investor recently raised its position in Aberdeen Asia-Pacific Income Fund stock. Millennium Management LLC boosted its holdings in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 218.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 34,250 shares of the investment management company’s stock after acquiring an additional 23,480 shares during the period. Millennium Management LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $152,000 as of its most recent filing with the SEC. 22.05% of the stock is owned by institutional investors.
Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.
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