Insider Buying: The India Fund Director Acquires 1,000 Shares of Stock (IFN)
The India Fund (NYSE:IFN) Director Martin James Gilbert bought 1,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were purchased at an average price of $19.66 per share, for a total transaction of $19,660.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $19,660. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of The India Fund (NYSE:IFN) traded up 0.82% on Friday, hitting $19.72. The stock had a trading volume of 94,223 shares. The India Fund has a one year low of $16.88 and a one year high of $22.22. The stock has a 50-day moving average of $20.23 and a 200-day moving average of $19.72.
The company also recently declared a special dividend, which is scheduled for Friday, January 17th. Investors of record on Tuesday, December 31st will be given a dividend of 0.0812 per share. The ex-dividend date of this dividend is Friday, December 27th.
The India Fund, Inc (NYSE:IFN) is a non-diversified, closed-end management investment company.
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