India Fund, Inc. (NYSE:IFN) Plans Quarterly Dividend of $0.37

India Fund, Inc. (NYSE:IFN) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be paid a dividend of $0.37 per share by the investment management company on Tuesday, January 12th. This represents a $1.48 annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, November 20th.

India Fund Stock Performance

NYSE:IFN traded down $0.03 during trading hours on Wednesday, hitting $11.54. The company’s stock had a trading volume of 147,581 shares, compared to its average volume of 199,201. India Fund has a twelve month low of $10.13 and a twelve month high of $15.43. The stock has a fifty day simple moving average of $10.80 and a 200-day simple moving average of $11.70.

Institutional Trading of India Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Csenge Advisory Group grew its stake in shares of India Fund by 14.7% in the third quarter. Csenge Advisory Group now owns 11,543 shares of the investment management company’s stock worth $123,000 after purchasing an additional 1,475 shares during the last quarter. Calamos Advisors LLC bought a new position in India Fund during the 3rd quarter worth $333,000. Commonwealth Equity Services LLC raised its position in India Fund by 2.7% during the 3rd quarter. Commonwealth Equity Services LLC now owns 109,225 shares of the investment management company’s stock worth $1,162,000 after purchasing an additional 2,891 shares during the last quarter. City of London Investment Management Co. Ltd. lifted its holdings in India Fund by 134.7% during the 3rd quarter. City of London Investment Management Co. Ltd. now owns 1,923,094 shares of the investment management company’s stock worth $20,462,000 after buying an additional 1,103,579 shares during the period. Finally, Cooper Financial Group acquired a new position in India Fund during the 3rd quarter worth about $142,000. Institutional investors own 10.76% of the company’s stock.

India Fund Company Profile

The India Fund, Inc. (NYSE: IFN) is a closed-end investment fund focused on India. Its objective is long-term capital appreciation, and it invests primarily in the equity securities of companies with economic ties to India. The fund provides investors with access to a portfolio of Indian companies across multiple industries. It is managed by abrdn Asia Limited.