Abrdn World Healthcare Fund (NYSE:THW) Announces $0.12 Monthly Dividend

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Wednesday, June 11th, Wall Street Journal reports. Investors of record on Monday, June 23rd will be paid a dividend of 0.1167 per share on Monday, June 30th. This represents a $1.40 annualized dividend and a yield of 13.01%. The ex-dividend date of this dividend is Monday, June 23rd.

Abrdn World Healthcare Fund Trading Up 0.9%

Shares of Abrdn World Healthcare Fund stock opened at $10.76 on Friday. Abrdn World Healthcare Fund has a 52 week low of $9.80 and a 52 week high of $13.48. The firm’s 50 day moving average is $10.48 and its two-hundred day moving average is $11.28.

Hedge Funds Weigh In On Abrdn World Healthcare Fund

A hedge fund recently raised its stake in Abrdn World Healthcare Fund stock. Royal Bank of Canada raised its holdings in Abrdn World Healthcare Fund (NYSE:THW) by 0.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 472,082 shares of the company’s stock after acquiring an additional 1,390 shares during the quarter. Royal Bank of Canada’s holdings in Abrdn World Healthcare Fund were worth $5,443,000 as of its most recent filing with the SEC.

About Abrdn World Healthcare Fund

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.