Abrdn World Healthcare Fund (THW) to Distribute Monthly Dividend of $0.11 on October 30th

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Friday, October 9th. Stockholders of record on Friday, October 23rd will be given a dividend of $0.11 per share on Friday, October 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 10.5%. The ex-dividend date is Friday, October 23rd. This is a 8.3% decrease from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

Abrdn World Healthcare Fund Price Performance

NYSE THW traded up $0.12 during trading on Wednesday, hitting $12.61. The company’s stock had a trading volume of 24,349 shares, compared to its average volume of 130,918. The business’s 50 day simple moving average is $13.35 and its 200-day simple moving average is $13.03. Abrdn World Healthcare Fund has a fifty-two week low of $11.18 and a fifty-two week high of $14.50.

About Abrdn World Healthcare Fund

abrdn World Healthcare Fund (NYSE: THW) is a closed-end investment fund focused on the global healthcare sector. The fund seeks to provide investors with total return through a combination of current income and long-term capital appreciation by investing in healthcare-related companies and securities.

The fund’s portfolio may include pharmaceutical, biotechnology, medical device, healthcare services, diagnostics, life sciences and other healthcare businesses. Its investments can span companies at different stages of development and may include issuers located in the United States and international markets, giving the fund exposure to healthcare trends across multiple geographies.

The fund was formerly known as Tekla World Healthcare Fund and adopted the abrdn World Healthcare Fund name following the transition of its investment management platform to abrdn.