Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) Declares Monthly Dividend of $0.03

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating) announced a monthly dividend on Thursday, May 12th, Wall Street Journal reports. Stockholders of record on Friday, May 20th will be given a dividend of 0.0275 per share by the investment management company on Tuesday, May 31st. This represents a $0.33 annualized dividend and a dividend yield of 11.07%. The ex-dividend date of this dividend is Thursday, May 19th.

Aberdeen Asia-Pacific Income Fund has decreased its dividend by an average of 7.7% per year over the last three years.

Shares of Aberdeen Asia-Pacific Income Fund stock traded down $0.03 during trading on Thursday, hitting $2.98. 27,387 shares of the stock were exchanged, compared to its average volume of 1,120,875. Aberdeen Asia-Pacific Income Fund has a 12-month low of $3.01 and a 12-month high of $4.46.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Cetera Advisor Networks LLC purchased a new stake in Aberdeen Asia-Pacific Income Fund in the first quarter valued at $43,000. Citadel Advisors LLC acquired a new position in Aberdeen Asia-Pacific Income Fund in the second quarter valued at $69,000. Paradigm Financial Partners LLC acquired a new position in Aberdeen Asia-Pacific Income Fund in the fourth quarter valued at $82,000. Millennium Management LLC increased its stake in Aberdeen Asia-Pacific Income Fund by 218.0% in the second quarter. Millennium Management LLC now owns 34,250 shares of the investment management company’s stock valued at $152,000 after purchasing an additional 23,480 shares during the period. Finally, Virtu Financial LLC increased its stake in Aberdeen Asia-Pacific Income Fund by 9.5% in the fourth quarter. Virtu Financial LLC now owns 41,220 shares of the investment management company’s stock valued at $157,000 after purchasing an additional 3,571 shares during the period. 20.38% of the stock is owned by hedge funds and other institutional investors.

Aberdeen Asia-Pacific Income Fund Company Profile (Get Rating)

Aberdeen Asia-Pacific Income Fund, Inc is a close ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets of Asia, Australia, and New Zeland.

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Dividend History for Aberdeen Asia-Pacific Income Fund (NYSEAMERICAN:FAX)

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