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

Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN:FAXGet Rating) announced a monthly dividend on Monday, June 13th, Wall Street Journal reports. Shareholders of record on Wednesday, June 22nd will be given a dividend of 0.0275 per share by the investment management company on Thursday, June 30th. This represents a $0.33 annualized dividend and a yield of 11.34%. The ex-dividend date is Tuesday, June 21st.

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

FAX stock opened at $2.91 on Friday. Aberdeen Asia-Pacific Income Fund has a 1-year low of $2.87 and a 1-year high of $4.46.

Hedge funds have recently added to or reduced their stakes in the business. Saba Capital Management L.P. bought a new stake in Aberdeen Asia-Pacific Income Fund during the first quarter valued at $34,000. Cetera Advisor Networks LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the first quarter valued at $43,000. Beacon Pointe Advisors LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the first quarter valued at $54,000. Citadel Advisors LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the second quarter valued at $69,000. Finally, Paradigm Financial Partners LLC acquired a new position in shares of Aberdeen Asia-Pacific Income Fund during the fourth quarter valued at $82,000. Hedge funds and other institutional investors own 20.38% of the company’s stock.

About Aberdeen Asia-Pacific Income Fund (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.

Further Reading

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

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