Aberdeen Greater China Fund Inc (GCH) Raises Dividend to $0.14 Per Share
Aberdeen Greater China Fund Inc (NYSE:GCH) declared a special dividend on Tuesday, December 26th, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be paid a dividend of 0.1446 per share by the investment management company on Monday, January 8th. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Aberdeen Greater China Fund’s previous special dividend of $0.07.
Shares of Aberdeen Greater China Fund (NYSE GCH) remained flat at $$12.46 during trading on Wednesday. 4,669 shares of the company’s stock traded hands, compared to its average volume of 15,299. Aberdeen Greater China Fund has a 12-month low of $8.54 and a 12-month high of $12.79.
In other Aberdeen Greater China Fund news, major shareholder City Of London Investment Grou sold 20,000 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $12.34, for a total value of $246,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 38.50% of the company’s stock.
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About Aberdeen Greater China Fund
Aberdeen Greater China Fund, Inc is a non-diversified, closed-end management investment company. Its investment objective is to seek long-term capital appreciation through investment in listed equity securities of companies that are organized under the laws of, and have their principal place of business in, China and/or Hong Kong and/or Taiwan, and during their recent fiscal year derived at least 50% of their revenues or profits from goods produced or sold, investments made or services performed in China and/or Hong Kong and/or Taiwan or have at least 50% of their assets in China and/or Hong Kong and/or Taiwan.
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