Abrdn Australia Equity Fund Inc (IAF) To Go Ex-Dividend on February 20th

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) declared a quarterly dividend on Tuesday, February 10th. Stockholders of record on Friday, February 20th will be given a dividend of 0.36 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date is Friday, February 20th.

Abrdn Australia Equity Fund Trading Up 2.0%

NYSEAMERICAN:IAF opened at $14.48 on Thursday. The stock has a 50-day moving average price of $13.28 and a 200 day moving average price of $13.44. Abrdn Australia Equity Fund has a 12-month low of $10.05 and a 12-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.