Abrdn Healthcare Investors (NYSE:HQH) Declares Dividend of $0.54

Abrdn Healthcare Investors (NYSE:HQH) declared a dividend on Tuesday, May 20th, investing.com reports. Investors 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 is Thursday, May 22nd. This is a 8.0% increase from Abrdn Healthcare Investors’s previous dividend of $0.50.

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

Abrdn Healthcare Investors Price Performance

HQH stock opened at $15.96 on Tuesday. Abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $19.79. The company’s 50-day moving average is $15.70 and its 200-day moving average is $16.75.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC bought a new position in Abrdn Healthcare Investors during the first quarter valued at about $166,000. Goldman Sachs Group Inc. grew its position in shares of Abrdn Healthcare Investors by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 788 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of 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 valued at $702,000 after purchasing an additional 1,274 shares in the last quarter. Finally, Royal Bank of Canada increased its stake in Abrdn Healthcare Investors by 22.0% in the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after acquiring an additional 95,441 shares during the last quarter. 32.60% of the stock is owned by institutional investors.

Abrdn Healthcare Investors Company Profile

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.