Morg Stan India Announces Special Dividend of $0.35 (IIF)
Morg Stan India (NYSE:IIF) announced a special dividend on Wednesday, December 13th, Wall Street Journal reports. Shareholders of record on Friday, December 22nd will be given a dividend of 0.3549 per share on Wednesday, January 10th. The ex-dividend date of this dividend is Thursday, December 21st.
Morg Stan India (NYSE:IIF) traded up $0.24 during trading hours on Wednesday, reaching $35.76. 14,150 shares of the company’s stock were exchanged, compared to its average volume of 26,874. Morg Stan India has a 1-year low of $24.55 and a 1-year high of $36.78.
In other Morg Stan India news, major shareholder City Of London Investment Grou sold 38,883 shares of the firm’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of $36.18, for a total transaction of $1,406,786.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders have sold 242,260 shares of company stock valued at $8,721,735.
About Morg Stan India
Morgan Stanley India Investment Fund, Inc is a non-diversified, closed-end management investment company. The Fund may, but it is not required to, use derivative instruments for a variety of purposes, including hedging, risk management, portfolio management or to earn income. The Fund invests in a range of portfolio sectors, including auto components; automobiles; banks; capital markets; construction and engineering; construction materials; consumer finance; diversified financial services; electronic equipment, instruments and components; gas utilities; information technology services; machinery; media; personal products; oil, gas and consumable fuels; pharmaceuticals; tobacco; transportation infrastructure, and water utilities.
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