abrdn Global Income Fund, Inc. (FCO) To Go Ex-Dividend on March 24th

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) declared a monthly dividend on Tuesday, March 10th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.07 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 27.5%. The ex-dividend date of this dividend is Tuesday, March 24th.

abrdn Global Income Fund Stock Up 0.7%

NYSEAMERICAN FCO opened at $3.05 on Thursday. The business has a 50 day moving average price of $3.09 and a 200 day moving average price of $3.36. abrdn Global Income Fund has a 1-year low of $2.73 and a 1-year high of $6.77.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FCO. Equitable Holdings Inc. purchased a new position in abrdn Global Income Fund during the fourth quarter worth $34,000. Integrity Advisory Solutions LLC purchased a new stake in abrdn Global Income Fund in the 3rd quarter worth approximately $34,000. Virtu Financial LLC acquired a new position in abrdn Global Income Fund in the 3rd quarter valued at $36,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of abrdn Global Income Fund during the fourth quarter worth $42,000. Finally, Osaic Holdings Inc. grew its position in shares of abrdn Global Income Fund by 12.0% in the second quarter. Osaic Holdings Inc. now owns 14,402 shares of the company’s stock valued at $92,000 after purchasing an additional 1,547 shares during the period. 10.79% of the stock is owned by hedge funds and other institutional investors.

About abrdn Global Income Fund

abrdn Global Income Fund (NYSE American: FCO) is a closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. Managed by abrdn’s global investment team, the fund pursues a diversified strategy across both fixed-income and equity markets. It is structured to deliver monthly distributions by combining income-generating securities with active portfolio management and selective use of leverage.

The fund’s core holdings typically include a broad range of global corporate bonds, convertible securities, preferred stocks and high-yield credit.