Thai Fund Inc. (NYSE:TTF) declared a semiannual dividend on Wednesday, December 13th, Wall Street Journal reports. Investors of record on Friday, December 22nd will be paid a dividend of 0.2162 per share on Wednesday, January 10th. This represents a yield of 3.92%. The ex-dividend date is Thursday, December 21st.

Thai Fund has decreased its dividend by an average of 51.7% per year over the last three years.

Shares of Thai Fund (NYSE TTF) traded up $0.07 during trading hours on Wednesday, reaching $11.04. 33,698 shares of the company traded hands, compared to its average volume of 25,392. Thai Fund has a one year low of $6.86 and a one year high of $11.18.

In related news, major shareholder City Of London Investment Grou sold 134,287 shares of the stock in a transaction that occurred on Monday, October 9th. The shares were sold at an average price of $10.52, for a total value of $1,412,699.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders sold 731,527 shares of company stock worth $7,876,095.

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About Thai Fund

The Thai Fund, Inc (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is long-term capital appreciation through investment primarily in equity securities of companies organized under the laws of the Kingdom of Thailand. The Fund seeks long-term capital appreciation and integrates top-down sector allocation and bottom-up stock selection with a growth bias.

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