Abrdn Global Dynamic Dividend Fund Declares Monthly Dividend of $0.12 (NYSE:AGD)

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, August 11th. Investors of record on Monday, August 24th will be paid a dividend of 0.12 per share on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 11.5%. The ex-dividend date of this dividend is Monday, August 24th.

Abrdn Global Dynamic Dividend Fund Price Performance

AGD stock traded up $0.05 during midday trading on Wednesday, hitting $12.47. The stock had a trading volume of 24,899 shares, compared to its average volume of 120,434. The business has a fifty day moving average price of $12.15 and a two-hundred day moving average price of $12.11. Abrdn Global Dynamic Dividend Fund has a 1-year low of $10.41 and a 1-year high of $13.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in AGD. Bank of America Corp DE grew its stake in Abrdn Global Dynamic Dividend Fund by 5.4% during the third quarter. Bank of America Corp DE now owns 573,938 shares of the company’s stock worth $7,645,000 after purchasing an additional 29,637 shares during the period. Raymond James Financial Inc. increased its holdings in Abrdn Global Dynamic Dividend Fund by 25.9% in the third quarter. Raymond James Financial Inc. now owns 469,543 shares of the company’s stock worth $6,254,000 after purchasing an additional 96,521 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in Abrdn Global Dynamic Dividend Fund by 1.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 310,171 shares of the company’s stock valued at $3,756,000 after buying an additional 3,715 shares during the period. LPL Financial LLC lifted its stake in Abrdn Global Dynamic Dividend Fund by 42.5% in the fourth quarter. LPL Financial LLC now owns 252,989 shares of the company’s stock valued at $2,950,000 after buying an additional 75,502 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 32.8% during the 4th quarter. Wells Fargo & Company MN now owns 207,574 shares of the company’s stock worth $2,420,000 after buying an additional 51,275 shares in the last quarter.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.