Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Increases Dividend to $0.12 Per Share

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, November 11th. Shareholders of record on Friday, November 21st will be given a dividend of 0.12 per share on Friday, November 28th. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date is Friday, November 21st. This is a 9.1% increase from Abrdn Global Dynamic Dividend Fund’s previous monthly dividend of $0.11.

Abrdn Global Dynamic Dividend Fund Stock Performance

Shares of AGD stock traded up $0.07 during mid-day trading on Wednesday, hitting $11.63. 83,445 shares of the stock were exchanged, compared to its average volume of 135,396. Abrdn Global Dynamic Dividend Fund has a 12-month low of $8.46 and a 12-month high of $13.98. The stock’s fifty day simple moving average is $12.36 and its two-hundred day simple moving average is $11.40.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Several large investors have recently modified their holdings of AGD. Adapt Wealth Advisors LLC purchased a new position in shares of Abrdn Global Dynamic Dividend Fund during the third quarter worth approximately $398,000. Kapstone Financial Advisors LLC boosted its stake in Abrdn Global Dynamic Dividend Fund by 9.4% during the 3rd quarter. Kapstone Financial Advisors LLC now owns 19,750 shares of the company’s stock worth $263,000 after purchasing an additional 1,700 shares during the period. Penserra Capital Management LLC grew its position in Abrdn Global Dynamic Dividend Fund by 0.3% during the 3rd quarter. Penserra Capital Management LLC now owns 683,911 shares of the company’s stock worth $9,109,000 after purchasing an additional 1,911 shares during the last quarter. Truist Financial Corp increased its stake in Abrdn Global Dynamic Dividend Fund by 12.3% in the third quarter. Truist Financial Corp now owns 15,923 shares of the company’s stock valued at $212,000 after purchasing an additional 1,739 shares during the period. Finally, NWF Advisory Services Inc. increased its stake in Abrdn Global Dynamic Dividend Fund by 3.1% in the third quarter. NWF Advisory Services Inc. now owns 33,658 shares of the company’s stock valued at $448,000 after purchasing an additional 1,001 shares during the period.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.