China Fund Inc Plans Annual Dividend of $0.55 (CHN)

China Fund Inc (NYSE:CHN) declared an annual dividend on Friday, December 8th, NASDAQ reports. Investors of record on Tuesday, December 19th will be paid a dividend of 0.549 per share by the investment management company on Thursday, January 4th. This represents a yield of 2.56%. The ex-dividend date of this dividend is Monday, December 18th.

China Fund has decreased its dividend by an average of 23.3% per year over the last three years.

China Fund (CHN) traded down $0.16 during midday trading on Wednesday, hitting $21.33. The company’s stock had a trading volume of 12,700 shares, compared to its average volume of 26,089. China Fund has a twelve month low of $14.44 and a twelve month high of $22.34.

In related news, major shareholder City Of London Investment Grou acquired 3,109 shares of China Fund stock in a transaction on Wednesday, November 1st. The stock was acquired at an average price of $21.29 per share, for a total transaction of $66,190.61. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 146,150 shares of company stock valued at $3,132,917 in the last quarter.

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China Fund Company Profile

The China Fund, Inc is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation, which it seeks to achieve by investing primarily in equity securities of companies for which the principal securities trading market is the People’s Republic of China (China); of companies for which the principal securities trading market is outside of China, or constituting direct equity investments in companies organized outside of China, that in both cases derive over 50% of their revenues from goods and services sold or produced, or have approximately 50% of their assets, in China, and constituting direct equity investments in companies organized in China.

Dividend History for China Fund (NYSE:CHN)

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