The Asia Pacific Fund, Inc. (NYSE:APB) announced a special dividend on Wednesday, December 13th, Wall Street Journal reports. Investors of record on Friday, December 22nd will be paid a dividend of 0.32 per share by the investment management company on Friday, January 5th. This represents a yield of 1.97%. The ex-dividend date is Thursday, December 21st.
Shares of The Asia Pacific Fund (NYSE:APB) traded up $0.08 during trading hours on Thursday, reaching $14.88. The company had a trading volume of 1,400 shares, compared to its average volume of 10,490. The Asia Pacific Fund has a 1 year low of $10.11 and a 1 year high of $15.45.
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The Asia Pacific Fund, Inc (the Fund) is a diversified, closed-end, management investment company. The Fund’s investment objective is to achieve long-term capital appreciation through investment of at least 80% of investable assets in equity securities of companies in the Asia Pacific countries. The Fund’s portfolio of investments includes banking, materials, consumer discretionary, real estate, industrials, insurance, utilities, consumer staples, semiconductors and semiconductor equipment, telecommunication services, real estate investment trusts and information technology.
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