Aberdeen Singapore Fund Inc (SGF) Raises Dividend to $0.28 Per Share

Aberdeen Singapore Fund Inc (NYSE:SGF) announced a quarterly dividend on Thursday, December 21st, Wall Street Journal reports. Investors of record on Friday, December 29th will be paid a dividend of 0.2835 per share by the financial services provider on Monday, January 8th. This represents a $1.13 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Aberdeen Singapore Fund’s previous quarterly dividend of $0.02.

Aberdeen Singapore Fund has decreased its dividend payment by an average of 35.0% annually over the last three years.

Shares of Aberdeen Singapore Fund (NYSE:SGF) traded down $0.08 during mid-day trading on Thursday, reaching $12.52. The company had a trading volume of 32,200 shares, compared to its average volume of 18,131. Aberdeen Singapore Fund has a 1 year low of $8.63 and a 1 year high of $12.75.

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Aberdeen Singapore Fund Company Profile

Aberdeen Singapore Fund, Inc (the Fund) is a closed-end, non-diversified management investment company. The Fund’s investment objective is capital appreciation, which it seeks through investment primarily in Singapore equity securities. The Fund also invests in equity securities issued by companies in the Association of Southeast Asian Nations (the ASEAN Group) countries.

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