India Fund, Inc. (IFN) To Go Ex-Dividend on August 24th

India Fund, Inc. (NYSE:IFN) declared a quarterly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 24th will be given a dividend of 0.37 per share by the investment management company on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Monday, August 24th.

India Fund Price Performance

Shares of IFN stock opened at $11.86 on Friday. India Fund has a 1 year low of $10.72 and a 1 year high of $15.62. The firm has a fifty day moving average price of $11.65 and a 200-day moving average price of $11.95.

Institutional Investors Weigh In On India Fund

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. increased its holdings in shares of India Fund by 4.9% in the second quarter. Osaic Holdings Inc. now owns 30,304 shares of the investment management company’s stock worth $501,000 after purchasing an additional 1,417 shares during the last quarter. Advisory Services Network LLC bought a new stake in India Fund in the third quarter worth about $26,000. NewEdge Advisors LLC boosted its position in shares of India Fund by 11.7% during the fourth quarter. NewEdge Advisors LLC now owns 18,543 shares of the investment management company’s stock valued at $254,000 after buying an additional 1,939 shares during the period. International Assets Investment Management LLC bought a new position in shares of India Fund during the fourth quarter valued at approximately $34,000. Finally, Composition Wealth LLC lifted its stake in shares of India Fund by 24.6% during the 4th quarter. Composition Wealth LLC now owns 18,750 shares of the investment management company’s stock worth $257,000 after acquiring an additional 3,700 shares during the last quarter. 10.76% of the stock is owned by hedge funds and other institutional investors.

India Fund Company Profile

The India Fund, Inc (NYSE: IFN) is a closed-end management investment company incorporated in Maryland. It seeks to provide shareholders with long-term growth of capital, as well as current income. The fund trades on the New York Stock Exchange and offers investors access to equity markets in India through a diversified portfolio of Indian companies.

IFN invests primarily in equity securities of companies organized or domiciled in India, including common stocks, depositary receipts and other equity-related instruments.