Morgan Stanley India Investment Fund, Inc. (NYSE:IIF – Get Rating) declared a — dividend on Wednesday, December 7th, Wall Street Journal reports. Stockholders of record on Friday, December 16th will be paid a dividend of 0.3768 per share on Friday, January 13th. This represents a dividend yield of 0.8%. The ex-dividend date is Thursday, December 15th.
Morgan Stanley India Investment Fund has increased its dividend payment by an average of 70.3% per year over the last three years.
Get Morgan Stanley India Investment Fund alerts:Morgan Stanley India Investment Fund Trading Up 1.1 %
NYSE:IIF opened at $24.97 on Friday. The company has a fifty day moving average of $23.92 and a 200 day moving average of $23.79. Morgan Stanley India Investment Fund has a 52 week low of $21.57 and a 52 week high of $28.39.
Hedge Funds Weigh In On Morgan Stanley India Investment Fund
Hedge funds and other institutional investors have recently modified their holdings of the company. UBS Group AG increased its holdings in Morgan Stanley India Investment Fund by 0.6% during the 1st quarter. UBS Group AG now owns 140,812 shares of the company's stock valued at $3,536,000 after purchasing an additional 827 shares during the period. Evergreen Capital Management LLC grew its position in shares of Morgan Stanley India Investment Fund by 2.7% in the 1st quarter. Evergreen Capital Management LLC now owns 58,295 shares of the company's stock worth $1,464,000 after buying an additional 1,530 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in shares of Morgan Stanley India Investment Fund by 13.3% during the first quarter. Bank of America Corp DE now owns 62,955 shares of the company's stock valued at $1,581,000 after buying an additional 7,396 shares during the period. 50.39% of the stock is owned by institutional investors.Morgan Stanley India Investment Fund Company Profile
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Morgan Stanley India Investment Fund, Inc is a closed ended equity mutual fund launched and managed by Morgan Stanley Investment Management Inc The fund is co-managed by Morgan Stanley Investment Management Company. It invests in the public equity markets of India. The fund invests in stocks of companies operating across diversified sectors.
Further Reading
- Get a free copy of the StockNews.com research report on Morgan Stanley India Investment Fund (IIF)
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