Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) to Issue Monthly Dividend of $0.10

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) announced a monthly dividend on Friday, October 9th. Shareholders of record on Friday, October 23rd will be given a dividend of $0.10 per share by the investment management company on Friday, October 30th. This represents a $1.20 annualized dividend and a yield of 11.8%. The ex-dividend date is Friday, October 23rd. This is a 9.1% decrease from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.11.

Aberdeen Total Dynamic Dividend Fund Stock Down 0.0%

Aberdeen Total Dynamic Dividend Fund stock traded down $0.00 during midday trading on Wednesday, hitting $10.20. 28,888 shares of the company were exchanged, compared to its average volume of 475,170. The business has a fifty day simple moving average of $10.44 and a two-hundred day simple moving average of $10.35. Aberdeen Total Dynamic Dividend Fund has a fifty-two week low of $8.76 and a fifty-two week high of $10.85.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is a closed-end investment fund managed by abrdn. The fund seeks to provide a high level of current dividend income, with capital appreciation as a secondary objective, by investing primarily in dividend-paying equity securities.

AOD invests in companies across the United States and international markets, using a flexible allocation strategy that can adjust exposure between domestic and foreign equities. Its portfolio may include common stocks and other equity investments issued by companies in a range of industries and geographic regions.

The fund was previously known as Alpine Total Dynamic Dividend Fund before becoming part of the abrdn-managed fund platform.