Abrdn Global Dynamic Dividend Fund (AGD) to Issue Monthly Dividend of $0.12 on November 30th

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) announced a monthly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be paid a dividend of $0.12 per share on Monday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 12.5%. The ex-dividend date is Friday, November 20th.

Abrdn Global Dynamic Dividend Fund Price Performance

NYSE:AGD opened at $11.48 on Thursday. The stock’s 50 day simple moving average is $11.49 and its 200-day simple moving average is $11.97. Abrdn Global Dynamic Dividend Fund has a 12-month low of $10.41 and a 12-month high of $12.89.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Institutional investors have recently added to or reduced their stakes in the business. HighTower Advisors LLC grew its holdings in Abrdn Global Dynamic Dividend Fund by 3.0% during the third quarter. HighTower Advisors LLC now owns 33,202 shares of the company’s stock worth $389,000 after acquiring an additional 962 shares during the period. Axiom Investment Management LLC acquired a new stake in Abrdn Global Dynamic Dividend Fund in the first quarter valued at $36,000. CoreCap Advisors LLC lifted its stake in shares of Abrdn Global Dynamic Dividend Fund by 115.5% in the second quarter. CoreCap Advisors LLC now owns 20,417 shares of the company’s stock valued at $247,000 after purchasing an additional 10,942 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in Abrdn Global Dynamic Dividend Fund by 1.2% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 310,171 shares of the company’s stock worth $3,756,000 after buying an additional 3,715 shares in the last quarter. Finally, Royal Bank of Canada lifted its position in shares of Abrdn Global Dynamic Dividend Fund by 21.4% during the 1st quarter. Royal Bank of Canada now owns 183,901 shares of the company’s stock valued at $1,986,000 after acquiring an additional 32,424 shares during the period.

Abrdn Global Dynamic Dividend Fund Company Profile

abrdn Global Dynamic Dividend Fund (NYSE:AGD) is a closed-end investment fund managed by abrdn Inc. The fund seeks to provide a high level of current income and long-term capital appreciation by investing primarily in dividend-paying equity securities issued by companies around the world. The fund uses a global, flexible investment approach and may invest across a range of industries, countries and market capitalizations. Its portfolio can include common stocks and other equity-related investments, with security selection generally focused on companies that offer attractive dividend potential and prospects for growth.