Morgan Stanley India Investment Fund Inc to Issue Special Dividend of $0.35 (IIF)

Morgan Stanley India Investment Fund Inc (NYSE:IIF) declared a special dividend on Wednesday, December 13th, Wall Street Journal reports. Stockholders of record on Friday, December 22nd will be given a dividend of 0.3549 per share on Wednesday, January 10th. The ex-dividend date of this dividend is Thursday, December 21st.

Morgan Stanley India Investment Fund (IIF) traded up $0.27 on Thursday, hitting $34.29. The stock had a trading volume of 146,981 shares, compared to its average volume of 67,760. Morgan Stanley India Investment Fund has a 1 year low of $24.55 and a 1 year high of $36.80.

In other news, major shareholder City Of London Investment Grou sold 23,549 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $36.62, for a total transaction of $862,364.38. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 238,834 shares of company stock worth $8,569,594.

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Morgan Stanley India Investment Fund Company Profile

Morgan Stanley India Investment Fund, Inc is a non-diversified, closed-end management investment company. The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Fund invests in a range of portfolio sectors, including auto components; automobiles; banks; capital markets; construction and engineering; construction materials; consumer finance; diversified financial services; electronic equipment, instruments and components; gas utilities; information technology services; machinery; media; personal products; oil, gas and consumable fuels; pharmaceuticals; tobacco; transportation infrastructure, and water utilities.

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