Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) declared a monthly dividend on Tuesday, September 14th, Wall Street Journal reports. Investors of record on Monday, September 20th will be paid a dividend of 0.0275 per share by the investment management company on Thursday, September 30th. This represents a $0.33 annualized dividend and a yield of 7.75%. The ex-dividend date of this dividend is Friday, September 17th.
Shares of NYSEAMERICAN:FAX opened at $4.26 on Wednesday. Aberdeen Asia-Pacific Income Fund has a one year low of $3.78 and a one year high of $4.61.
An institutional investor recently bought a new position in Aberdeen Asia-Pacific Income Fund stock. Citadel Advisors LLC purchased a new stake in shares of Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAX) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 15,615 shares of the investment management company’s stock, valued at approximately $69,000. Hedge funds and other institutional investors own 22.05% of the company’s stock.
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.
Further Reading: How does the Federal Reserve determine interest rates?
Receive News & Ratings for Aberdeen Asia-Pacific Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aberdeen Asia-Pacific Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.