Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Investors of record on Tuesday, February 20th will be given a dividend of 0.035 per share by the investment management company on Tuesday, February 27th. This represents a $0.42 dividend on an annualized basis and a dividend yield of 8.71%. The ex-dividend date of this dividend is Friday, February 16th.
Shares of Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN FAX) remained flat at $$4.82 during trading hours on Tuesday. The stock had a trading volume of 73,875 shares, compared to its average volume of 736,037. The stock has a market capitalization of $1,200.00, a P/E ratio of 30.13 and a beta of 0.51. Aberdeen Asia-Pacific Income Fund has a 1 year low of $4.73 and a 1 year high of $5.29.
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About Aberdeen Asia-Pacific Income Fund
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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