Abrdn Global Dynamic Dividend Fund (AGD) to Issue Monthly Dividend of $0.12 on August 31st

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 11.6%. The ex-dividend date is Monday, August 24th.

Abrdn Global Dynamic Dividend Fund Stock Performance

Shares of AGD stock opened at $12.42 on Friday. The stock has a 50 day simple moving average of $12.18 and a two-hundred day simple moving average of $12.11. Abrdn Global Dynamic Dividend Fund has a fifty-two week low of $10.41 and a fifty-two week high of $13.98.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in AGD. Bank of America Corp DE bought a new stake in Abrdn Global Dynamic Dividend Fund during the second quarter worth $6,442,000. Raymond James Financial Inc. increased its position in shares of Abrdn Global Dynamic Dividend Fund by 82.4% during the 2nd quarter. Raymond James Financial Inc. now owns 373,022 shares of the company’s stock valued at $4,118,000 after purchasing an additional 168,549 shares during the last quarter. LPL Financial LLC increased its position in shares of Abrdn Global Dynamic Dividend Fund by 42.5% during the 4th quarter. LPL Financial LLC now owns 252,989 shares of the company’s stock valued at $2,950,000 after purchasing an additional 75,502 shares during the last quarter. International Assets Investment Management LLC raised its stake in shares of Abrdn Global Dynamic Dividend Fund by 92.6% during the 4th quarter. International Assets Investment Management LLC now owns 141,595 shares of the company’s stock worth $1,651,000 after purchasing an additional 68,060 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 32.8% in 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 during the last quarter.

About Abrdn Global Dynamic Dividend Fund

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.