Korea Fund Inc Plans Annual Dividend of $0.23 (KF)

Korea Fund Inc (NYSE:KF) declared an annual dividend on Monday, December 18th, Wall Street Journal reports. Investors of record on Tuesday, December 26th will be paid a dividend of 0.2258 per share on Friday, January 5th. This represents a yield of 0.51%. The ex-dividend date of this dividend is Friday, December 22nd.

Shares of Korea Fund (NYSE:KF) traded up $0.26 during trading hours on Monday, reaching $44.04. 7,699 shares of the company were exchanged, compared to its average volume of 11,758. The company has a market capitalization of $252.12, a P/E ratio of 336.77 and a beta of 0.66. Korea Fund has a 52 week low of $31.52 and a 52 week high of $44.64.

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About Korea Fund

The Korea Fund, Inc is a closed-end non-diversified management investment company. The Fund’s investment objective is to seek long-term capital appreciation through investment in securities, principally equity securities of Korean companies. The Fund enters into contracts that contain a range of representations that provide general indemnifications.

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