Asia Pacific Fund, Inc. (NYSE:APB) declared an annual dividend on Thursday, December 6th, Wall Street Journal reports. Investors of record on Friday, December 14th will be paid a dividend of 0.19 per share by the investment management company on Friday, December 21st. This represents a yield of 1.52%. The ex-dividend date of this dividend is Thursday, December 13th.
APB opened at $12.53 on Friday. Asia Pacific Fund has a 1-year low of $11.84 and a 1-year high of $15.70.
In other Asia Pacific Fund news, major shareholder City Of London Investment Grou sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, October 15th. The shares were sold at an average price of $12.50, for a total value of $250,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael J. Downey sold 12,500 shares of the firm’s stock in a transaction that occurred on Thursday, November 29th. The stock was sold at an average price of $12.50, for a total transaction of $156,250.00. The disclosure for this sale can be found here. Company insiders own 60.29% of the company’s stock.
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The Asia Pacific Fund, Inc operates as a closed-end investment fund or trust, which engages in the provision of long-term capital appreciation through investment of investable assets in equity securities of companies in the Asia Pacific countries. The company was founded in May 1987 and is headquartered in Newark, NJ.
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