Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Declares Monthly Dividend of $0.19

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.19 per share on Friday, February 28th. This represents a $2.28 annualized dividend and a yield of 12.83%. The ex-dividend date of this dividend is Friday, February 21st.

Abrdn Global Infrastructure Income Fund has increased its dividend payment by an average of 1.6% per year over the last three years.

Abrdn Global Infrastructure Income Fund Trading Down 0.4 %

ASGI traded down $0.08 during trading on Wednesday, hitting $17.77. The company had a trading volume of 193,395 shares, compared to its average volume of 224,589. Abrdn Global Infrastructure Income Fund has a one year low of $16.58 and a one year high of $20.35. The firm’s 50-day moving average price is $18.00 and its 200 day moving average price is $19.02.

Insider Activity at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.69, for a total transaction of $816,662.44. Following the sale, the insider now directly owns 2,885,153 shares of the company’s stock, valued at $56,808,662.57. The trade was a 1.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas W. Hunersen purchased 5,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The shares were acquired at an average cost of $17.67 per share, for a total transaction of $88,350.00. Following the completion of the transaction, the director now directly owns 6,000 shares in the company, valued at approximately $106,020. This represents a 500.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 181,523 shares of company stock valued at $3,580,177.

Abrdn Global Infrastructure Income Fund Company Profile

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.