The India Fund, Inc. (NYSE:IFN – Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $18.85 and traded as low as $17.76. The India Fund shares last traded at $17.91, with a volume of 116,768 shares traded.
The India Fund Trading Up 0.4 %
The firm’s fifty day moving average price is $17.92 and its 200-day moving average price is $18.85.
The India Fund Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Thursday, May 30th will be given a $0.45 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 10.05%. This is an increase from The India Fund’s previous quarterly dividend of $0.43.
Institutional Inflows and Outflows
About The India Fund
The India Fund, Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund invests in public equity markets of India. It seeks to invest in stocks of small-cap, mid-cap, and large-cap companies. The fund employs a quantitative and fundamental analysis with a bottom-up stock picking and asset allocation approach to create its portfolio.
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