Abrdn Global Dynamic Dividend Fund (AGD) to Issue Monthly Dividend of $0.12 on November 28th

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, November 11th. Investors of record on Friday, November 21st will be paid a dividend of 0.12 per share on Friday, November 28th. This represents a c) dividend on an annualized basis and a dividend yield of 12.7%. The ex-dividend date is Friday, November 21st. This is a 9.1% increase from Abrdn Global Dynamic Dividend Fund’s previous monthly dividend of $0.11.

Abrdn Global Dynamic Dividend Fund Stock Down 2.0%

AGD opened at $11.30 on Wednesday. Abrdn Global Dynamic Dividend Fund has a twelve month low of $8.46 and a twelve month high of $13.98. The company has a 50-day simple moving average of $12.29 and a 200 day simple moving average of $11.45.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP bought a new stake in Abrdn Global Dynamic Dividend Fund during the third quarter worth $217,000. Bank of America Corp DE raised its holdings in shares of Abrdn Global Dynamic Dividend Fund by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 573,938 shares of the company’s stock worth $7,645,000 after buying an additional 29,637 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Abrdn Global Dynamic Dividend Fund by 194.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 70,771 shares of the company’s stock worth $913,000 after buying an additional 46,711 shares during the last quarter. Raymond James Financial Inc. boosted its stake 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 valued at $6,254,000 after buying an additional 96,521 shares in the last quarter. Finally, Adapt Wealth Advisors LLC bought a new position in Abrdn Global Dynamic Dividend Fund in the third quarter valued at about $398,000.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.