Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) Announces $0.11 Quarterly Dividend

Abrdn Australia Equity Fund Inc (NYSEAMERICAN:IAF) announced a quarterly dividend on Thursday, November 9th, NASDAQ reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.11 per share on Wednesday, January 10th. This represents a $0.44 annualized dividend and a yield of 10.92%. The ex-dividend date of this dividend is Tuesday, November 21st.

Abrdn Australia Equity Fund has decreased its dividend payment by an average of 1.2% per year over the last three years.

Abrdn Australia Equity Fund Trading Up 2.0 %

Shares of NYSEAMERICAN:IAF opened at $4.03 on Monday. Abrdn Australia Equity Fund has a 52-week low of $3.60 and a 52-week high of $5.24.

Institutional Trading of Abrdn Australia Equity Fund

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley grew its holdings in shares of Abrdn Australia Equity Fund by 15.4% during the 4th quarter. Morgan Stanley now owns 120,403 shares of the company’s stock worth $529,000 after purchasing an additional 16,064 shares during the period. Osaic Holdings Inc. grew its holdings in shares of Abrdn Australia Equity Fund by 2.5% during the 2nd quarter. Osaic Holdings Inc. now owns 106,149 shares of the company’s stock worth $457,000 after purchasing an additional 2,570 shares during the period. Advisor Group Holdings Inc. grew its holdings in shares of Abrdn Australia Equity Fund by 18.7% during the 4th quarter. Advisor Group Holdings Inc. now owns 96,161 shares of the company’s stock worth $422,000 after purchasing an additional 15,138 shares during the period. Cetera Investment Advisers grew its holdings in shares of Abrdn Australia Equity Fund by 22.3% during the 1st quarter. Cetera Investment Advisers now owns 42,414 shares of the company’s stock worth $267,000 after purchasing an additional 7,741 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of Abrdn Australia Equity Fund by 8.1% during the 2nd quarter. LPL Financial LLC now owns 59,495 shares of the company’s stock worth $256,000 after purchasing an additional 4,481 shares during the period.

About Abrdn Australia Equity Fund

Abrdn Australia Equity Fund Inc is a closed ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. The fund is managed by Aberdeen Standard Investments Australia Limited. It invests in the public equity markets of Australia. The fund makes its investments in firms operating across diversified sectors.