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.
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.
TRADEMARK VIOLATION WARNING: This story was first posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://www.dispatchtribunal.com/2018/04/17/greater-china-fund-inc-gch-to-issue-special-dividend-of-0-26-on-april-25th.html.
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.
Receive News & Ratings for Greater China Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Greater China Fund and related companies with MarketBeat.com's FREE daily email newsletter.