Morgan Stanley India Investment Fund (IIF) Dividend

Morgan Stanley India Investment Fund, Inc. · Financial Services · Asset Management · annual payer

$22.95

As of Nov 8, 2026, Morgan Stanley India Investment Fund (IIF) pays an annual dividend of $1.9850 per share, or $1.99 a year, a 8.65% yield at its $22.95 share price. It pays once a year, usually in January. It has a dividend safety grade of D.

Forward Yield

8.65%

Annual Dividend

$1.99

Payout Ratio

184%

5-Yr Growth

246.1%

Ex-Date

Dec 19, 2025

Frequency

Annual

Key facts about IIF's dividend

Data as of Nov 8, 2026 · Source: SmarterDividends data

As of Nov 8, 2026, Morgan Stanley India Investment Fund, Inc. (IIF) has a forward dividend yield of 8.65%, based on an annual dividend of $1.99 per share and a share price of $22.95.
As of Nov 8, 2026, IIF's dividend safety grade from SmarterDividends is D (44 out of 100), which rates the dividend as unsafe.
IIF last cut its regular dividend in 2025.
IIF's most recent ex-dividend date was Dec 19, 2025, for a dividend of $1.99 per share.
As of Nov 8, 2026, IIF pays out 184% of its trailing 12-month earnings as dividends (its payout ratio).
As of Nov 8, 2026, IIF's 8.65% yield is 19% below its five-year average yield of 10.70%.
As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for IIF is $57.10 per share, 149% above the $22.95 share price, so IIF screens as undervalued.
Morgan Stanley India Investment Fund, Inc. (IIF) pays its dividend annual, once a year.

Cite this page

SmarterDividends, "IIF Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/IIF

Is IIF a good dividend stock?

Mixed

Morgan Stanley India Investment Fund, Inc. (IIF) pays a annual dividend yielding 8.65% ($1.99/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

Strong 246.1% 5-yr dividend growth

Risks

Cut its dividend in 2025
Elevated payout ratio (184%)
Very high yield can signal elevated risk
Share price is down over the past 5 years
Below-average dividend safety score

Key Data

Dividend Yield: 8.65%
Payout Ratio: 184%
Annual Dividend: $1.99
5-Yr Avg Growth: 246.1%
Ex-Dividend Date: Dec 19, 2025
Years of Growth: 0
Frequency: annual
Beta: 0.63
Market Cap: $215.4M
P/E Ratio: —
5-Yr Total Return: -12%
52-Week Range: $19.83 – $27.51
Dividend Safety: D · 44/100
Ever Cut?: Yes (2025)

IIF dividend changes

Morgan Stanley India Investment Fund, Inc. (IIF) pays a variable dividend: across the 31 payments on record since 1994, 10 were higher than the one before and 4 lower. The latest change was up 24925.0% to $1.00 per share, going ex-dividend on Dec 16, 2021.

Ex-date	Change	Old → new	Move
Dec 16, 2021	Higher	$0.0040 → $1.00	+24925.0%
Dec 17, 2020	Lower	$0.0280 → $0.0040	−85.7%
Dec 19, 2019	Lower	$2.27 → $0.0280	−98.8%
Jun 28, 2018	Higher	$0.727 → $2.27	+212.4%
Jun 28, 2017	Higher	$0.694 → $0.727	+4.8%
Dec 21, 2016	Higher	$0.449 → $0.694	+54.6%
Jun 28, 2016	Higher	$0.0410 → $0.449	+995.1%
Dec 20, 2006	Higher	$0.209 → $4.95	+2267.5%
Dec 23, 2005	Higher	$0.0760 → $0.209	+175.0%
Jun 28, 2005	Higher	$0.0720 → $0.0760	+5.6%
Dec 21, 2004	Higher	$0.0200 → $0.0720	+260.0%
Jun 28, 2004	Higher	$0.0190 → $0.0200	+5.3%

Every IIF payment →Download every raise and cut (CSV)

IIF ex-dividend date & scheduleNext ex-date Dec 19, 2025 · full ex-dividend historyView →IIF dividend historyEvery payment, totals by year, raises and cutsView →IIF dividend calculator100 shares pay $199.00 a year, $199.00 each yearCalculate →IIF total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is IIF a good dividend stock?

Mixed. Morgan Stanley India Investment Fund, Inc. (IIF) pays a annual dividend yielding 8.65% ($1.99/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is IIF undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, IIF's fair value is about $57.10 versus a $22.95 share price — so it looks undervalued (+149% vs. fair value).

Is IIF's dividend safe?

IIF has a dividend-safety grade of D (44/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2025, debt and yield-versus-history.

What is IIF's fair value?

Our blended fair-value estimate for IIF is about $57.10 per share, roughly 149% above the current $22.95 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is IIF a buy, hold, or sell?

We don't issue formal ratings, but on the data IIF screens as "mixed" and undervalued. Morgan Stanley India Investment Fund, Inc. (IIF) pays a annual dividend yielding 8.65% ($1.99/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will IIF cut its dividend?

IIF earns a dividend-safety grade of D (44/100), and has cut its dividend before (last in 2025). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does IIF pay a dividend?

Yes. Morgan Stanley India Investment Fund, Inc. pays a annual dividend of about $1.99 per share annually, a forward yield of roughly 8.65%.

How much dividend does 100 shares of IIF pay?

At $1.99 per share a year, 100 shares of IIF pay $199.00 a year in dividends before tax, about $199.00 each year. Buying them costs about $2,295 at the Nov 8, 2026 price.

What is IIF's dividend yield?

As of Nov 8, 2026, IIF's forward dividend yield is 8.65%, based on a $1.99 annual dividend and a $22.95 share price.

What is IIF's dividend per share?

As of Nov 8, 2026, IIF pays $1.99 per share per year, distributed on a annual basis.

What is IIF's dividend payout ratio?

As of Nov 8, 2026, IIF's payout ratio is 184% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has IIF grown its dividend?

IIF does not currently have a long dividend-growth streak on record.

When is the next IIF ex-dividend date?

As of Nov 8, 2026, IIF's next ex-dividend date hasn't been announced. The most recent was Dec 19, 2025, for $1.99 per share.

Dividend Growth

Total dividends per share by year

Dividend History

Full IIF dividend history →

Ex-Date	Pay Date	Amount	Type
Dec 19, 2025	Jan 15, 2026	$1.9850	regular
Dec 13, 2024	Jan 15, 2025	$2.6970	regular
Dec 14, 2023	Jan 12, 2024	$3.1360	regular
Dec 15, 2022	Jan 13, 2023	$3.9830	regular
Dec 16, 2021	Jan 14, 2022	$1.0010	regular
Dec 17, 2020	Jan 15, 2021	$0.0040	regular
Dec 19, 2019	Jan 15, 2020	$0.0280	regular
Dec 20, 2018	Jan 15, 2019	$3.8250	regular
Jun 28, 2018	Jul 13, 2018	$2.2710	regular
Dec 21, 2017	Jan 10, 2018	$4.3200	regular
Jun 28, 2017	Jul 14, 2017	$0.7270	regular
Dec 21, 2016	Jan 13, 2017	$0.6940	regular
Jun 28, 2016	Jul 15, 2016	$0.4490	regular
Dec 16, 2015	Jan 15, 2016	$0.0410	regular