Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) to Issue Monthly Dividend of $0.11

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) announced a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.11 per share by the investment management company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Tuesday, June 23rd. This is a 10.0% increase from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.10.

Aberdeen Total Dynamic Dividend Fund Price Performance

Shares of NYSE AOD opened at $10.17 on Wednesday. The company’s 50-day moving average price is $10.12 and its 200 day moving average price is $9.97. Aberdeen Total Dynamic Dividend Fund has a 52 week low of $8.51 and a 52 week high of $10.77.

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

A number of institutional investors and hedge funds have recently bought and sold shares of AOD. International Assets Investment Management LLC raised its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 28.1% in the first quarter. International Assets Investment Management LLC now owns 439,873 shares of the investment management company’s stock worth $4,161,000 after acquiring an additional 96,517 shares during the last quarter. Waterfront Wealth Inc. raised its stake in Aberdeen Total Dynamic Dividend Fund by 4.7% in the 1st quarter. Waterfront Wealth Inc. now owns 406,035 shares of the investment management company’s stock valued at $3,740,000 after purchasing an additional 18,364 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 11.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 194,823 shares of the investment management company’s stock valued at $1,794,000 after purchasing an additional 19,805 shares in the last quarter. Compton Financial Group LLC acquired a new stake in shares of Aberdeen Total Dynamic Dividend Fund during the 1st quarter worth about $231,000. Finally, NWF Advisory Services Inc. grew its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 15.7% during the fourth quarter. NWF Advisory Services Inc. now owns 93,400 shares of the investment management company’s stock worth $911,000 after buying an additional 12,700 shares in the last quarter.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is an actively managed exchange-traded fund that seeks to provide a high level of current income combined with the potential for capital appreciation. Structured as an open-end management investment company, AOD invests primarily in a diversified portfolio of dividend-paying common stocks across global markets. The fund pursues its objective by selecting companies that demonstrate the ability to sustain and grow their dividends over time.

The fund employs a dynamic weighting methodology designed to emphasize securities with favorable dividend growth prospects, dividend stability metrics and attractive valuation characteristics.