Abrdn Healthcare Investors (NYSE:HQH) Announces Dividend Increase – $0.54 Per Share

Abrdn Healthcare Investors (NYSE:HQH) announced a dividend on Tuesday, May 20th, investing.com reports. Shareholders of record on Friday, May 23rd will be paid a dividend of 0.54 per share by the financial services provider on Monday, June 30th. This represents a yield of 13.62%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a 8.0% increase from Abrdn Healthcare Investors’s previous dividend of $0.50.

Abrdn Healthcare Investors has raised its dividend payment by an average of 101.6% annually over the last three years.

Abrdn Healthcare Investors Price Performance

Shares of NYSE:HQH opened at $15.84 on Tuesday. The stock’s 50-day moving average price is $15.70 and its two-hundred day moving average price is $16.75. Abrdn Healthcare Investors has a 12-month low of $13.77 and a 12-month high of $19.79.

Institutional Trading of Abrdn Healthcare Investors

A number of hedge funds have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC acquired a new position in shares of Abrdn Healthcare Investors in the 1st quarter valued at about $166,000. Goldman Sachs Group Inc. increased its holdings in Abrdn Healthcare Investors by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $191,000 after purchasing an additional 788 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Abrdn Healthcare Investors by 3.0% during the 1st quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock worth $702,000 after purchasing an additional 1,274 shares during the last quarter. Finally, Royal Bank of Canada increased its holdings in Abrdn Healthcare Investors by 22.0% during the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after purchasing an additional 95,441 shares during the last quarter. 32.60% of the stock is owned by institutional investors and hedge funds.

About Abrdn Healthcare Investors

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.