Aberdeen Latin America Equity Fund, Inc. (NYSEAMERICAN:LAQ) declared a semiannual dividend on Thursday, December 21st, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.4239 per share on Monday, January 8th. This represents a yield of 3.18%. The ex-dividend date of this dividend is Thursday, December 28th. This is a positive change from Aberdeen Latin America Equity Fund’s previous semiannual dividend of $0.30.
Shares of Aberdeen Latin America Equity Fund (LAQ) traded up $0.01 during midday trading on Wednesday, hitting $26.55. The stock had a trading volume of 800 shares, compared to its average volume of 9,032. Aberdeen Latin America Equity Fund has a 1 year low of $18.87 and a 1 year high of $29.90.
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Aberdeen Latin America Equity Fund, Inc (the Fund) is a non-diversified closed-end, management investment company. The Fund’s investment objective is to seek long-term capital appreciation by investing in Latin American equity securities. The Fund may invest approximately 10% of its assets (at the time of commitment) in illiquid equity securities, including securities of private equity funds (whether in corporate or partnership form) that invest in emerging markets.
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