Greater China Fund, Inc. (GCH) to Issue Special Dividend of $0.26 on April 25th

Greater China Fund, Inc. (NYSE:GCH) announced a special dividend on Wednesday, April 11th, Wall Street Journal reports. Stockholders of record on Thursday, April 19th will be paid a dividend of 0.2601 per share by the investment management company on Wednesday, April 25th. The ex-dividend date is Wednesday, April 18th. This is an increase from Greater China Fund’s previous special dividend of $0.14.

Greater China Fund has decreased its dividend payment by an average of 54.7% annually over the last three years.

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Shares of GCH stock opened at $13.58 on Tuesday. Greater China Fund has a 1 year low of $10.43 and a 1 year high of $14.02.

In other Greater China Fund news, major shareholder City Of London Investment Grou acquired 181,772 shares of the business’s stock in a transaction dated Thursday, March 1st. The stock was purchased at an average price of $13.13 per share, with a total value of $2,386,666.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 38.50% of the company’s stock.

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Greater China Fund Company Profile

Aberdeen Greater China Fund, Inc is a non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment in listed equity securities of companies that are organized under the laws of, and have their principal place of business in, China and/or Hong Kong and/or Taiwan, and during their recent fiscal year derived at least 50% of their revenues or profits from goods produced or sold, investments made or services performed in China and/or Hong Kong and/or Taiwan or have at least 50% of their assets in China and/or Hong Kong and/or Taiwan.

Dividend History for Greater China Fund (NYSE:GCH)

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