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


Aberdeen Asia-Pacific Income Fund, Inc. (NYSEAMERICAN: FAX – Get Rating) announced a monthly dividend on Monday, June 13, The Wall Street Journal reports. Shareholders of record on Wednesday, June 22 will receive a dividend of 0.0275 per share from the investment management company on Thursday, June 30. This represents an annualized dividend of $0.33 and a dividend yield of 11.00%. The ex-dividend date is Tuesday, June 21.

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

Shares of NYSEAMERICAN:FAX traded down $0.03 on Monday, hitting $3.00. The company had a trading volume of 1,255,496 shares, compared to an average volume of 1,074,190. Aberdeen Asia-Pacific Income Fund has a 1-year low of $2.94 and a 1-year high of $4.46 usd.

Hedge funds and other institutional investors have recently changed their stock holdings. NEXT Financial Group Inc increased its position in Aberdeen Asia-Pacific Income Fund by 53.8% during the 4th quarter. NEXT Financial Group Inc now owns 201,057 shares of the investment management company valued at $768,000 after acquiring an additional 70,307 shares during the period. Private Advisor Group LLC increased its position in Aberdeen Asia-Pacific Income Fund by 95.2% during the 1st quarter. Private Advisor Group LLC now owns 192,399 shares of the investment management company valued at $650,000 after acquiring an additional 93,853 shares during the period. Baird Financial Group Inc. bought a new position in Aberdeen Asia-Pacific Income Fund during Q1, valued at approximately $518,000. Ancora Advisors LLC increased its position in Aberdeen Asia-Pacific Income Fund by 50.0% during the 1st quarter. Ancora Advisors LLC now owns 75,000 shares of the investment management company valued at $307,000 after acquiring an additional 25,000 shares during the period. Finally, Cambridge Investment Research Advisors Inc. increased its position in Aberdeen Asia-Pacific Income Fund by 15.4% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 69,038 shares of the investment management firm valued at $233,000 after acquiring an additional 9,231 shares during the period. 20.38% of the shares are held by institutional investors.

Aberdeen Asia-Pacific Income Fund Company Profile (Get a rating)

Aberdeen Asia-Pacific Income Fund, Inc is a closed-end bond 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 the bond markets of Asia, Australia and New Zealand.

Further reading

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



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