India Fund Inc (NYSE:IFN) announced a special dividend on Thursday, December 21st, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 2.834 per share by the investment management company on Monday, January 8th. The ex-dividend date is Thursday, December 28th. This is a boost from India Fund’s previous special dividend of $0.33.
India Fund has decreased its dividend payment by an average of 12.2% per year over the last three years.
Shares of India Fund (NYSE IFN) traded down $0.13 during trading hours on Wednesday, hitting $28.61. 137,126 shares of the stock were exchanged, compared to its average volume of 88,259. India Fund has a 1-year low of $20.39 and a 1-year high of $28.81. The stock has a market capitalization of $815.75, a PE ratio of -190.73 and a beta of 1.00.
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India Fund Company Profile
The India Fund, Inc (the Fund) is a non-diversified closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in the equity securities of Indian companies. The Fund’s portfolio of investments includes financials, consumer staples, information technology, materials, healthcare, consumer discretionary, industrials, telecommunication services and energy.
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