Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Thursday, January 11th, Wall Street Journal reports. Stockholders of record on Monday, January 22nd will be paid a dividend of 0.035 per share by the investment management company on Tuesday, January 30th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.70%. The ex-dividend date is Friday, January 19th.
Shares of Aberdeen Asia-Pacific Income Fund (FAX) traded down $0.06 on Monday, hitting $4.83. The stock had a trading volume of 1,153,609 shares, compared to its average volume of 816,430. Aberdeen Asia-Pacific Income Fund has a 52 week low of $4.76 and a 52 week high of $5.29. The firm has a market capitalization of $1,230.00, a price-to-earnings ratio of 30.56 and a beta of 0.51.
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Aberdeen Asia-Pacific Income Fund Company Profile
Aberdeen Asia-Pacific Income Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s principal investment objective is to seek current income. The Fund may also achieve incidental capital appreciation. To achieve its investment objectives, the Fund invests approximately 80% of its net assets, plus the amount of any borrowings for investment purposes, in Asian debt securities, Australian debt securities and New Zealand debt securities.
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