Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) to Issue $0.03 Monthly Dividend

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Wednesday, October 13th, Wall Street Journal reports. Shareholders of record on Friday, October 22nd will be given a dividend of 0.0275 per share by the investment management company on Friday, October 29th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 7.93%. The ex-dividend date is Thursday, October 21st.

Aberdeen Asia-Pacific Income Fund has decreased its dividend by 21.4% over the last three years and has increased its dividend annually for the last 1 consecutive years.

NYSEAMERICAN FAX opened at $4.16 on Thursday. Aberdeen Asia-Pacific Income Fund has a 12-month low of $3.78 and a 12-month high of $4.61.

A hedge fund recently raised its stake in Aberdeen Asia-Pacific Income Fund stock. Millennium Management LLC lifted its holdings in Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) by 218.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 34,250 shares of the investment management company’s stock after acquiring an additional 23,480 shares during the quarter. Millennium Management LLC’s holdings in Aberdeen Asia-Pacific Income Fund were worth $152,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 22.05% of the company’s stock.

About Aberdeen Asia-Pacific Income Fund

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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Dividend History for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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