Abrdn Japan Equity Fund Inc (NYSE:JEQ) Announces Quarterly Dividend of $0.10

Abrdn Japan Equity Fund Inc (NYSE:JEQ) announced a quarterly dividend on Thursday, November 9th, NASDAQ reports. Investors of record on Wednesday, November 22nd will be paid a dividend of 0.10 per share on Wednesday, January 10th. This represents a $0.40 annualized dividend and a yield of 7.34%. The ex-dividend date is Tuesday, November 21st.

Abrdn Japan Equity Fund has raised its dividend payment by an average of 89.8% annually over the last three years.

Abrdn Japan Equity Fund Price Performance

Shares of JEQ stock opened at $5.45 on Monday. Abrdn Japan Equity Fund has a one year low of $4.99 and a one year high of $6.29. The company’s 50-day moving average is $5.33 and its 200 day moving average is $5.65.

Institutional Trading of Abrdn Japan Equity Fund

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in Abrdn Japan Equity Fund during the 2nd quarter valued at about $41,000. UBS Group AG lifted its stake in Abrdn Japan Equity Fund by 106.7% during the 1st quarter. UBS Group AG now owns 8,943 shares of the company’s stock valued at $49,000 after acquiring an additional 4,616 shares during the period. LPL Financial LLC bought a new position in Abrdn Japan Equity Fund during the 2nd quarter valued at about $85,000. Peapack Gladstone Financial Corp bought a new position in Abrdn Japan Equity Fund during the 1st quarter valued at about $161,000. Finally, Baird Financial Group Inc. lifted its stake in Abrdn Japan Equity Fund by 13.3% during the 1st quarter. Baird Financial Group Inc. now owns 81,904 shares of the company’s stock valued at $570,000 after acquiring an additional 9,614 shares during the period. 53.23% of the stock is owned by hedge funds and other institutional investors.

Abrdn Japan Equity Fund Company Profile

Abrdn Japan Equity Fund Inc is a close ended equity mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It invests in the public equity markets of Japan. The fund invests in stocks of companies operating across diversified sectors. It employs quantitative analysis to build its portfolio.