Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Announces Monthly Dividend of $0.12

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) announced a monthly dividend on Monday, January 12th. Investors of record on Friday, January 23rd will be paid a dividend of 0.12 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Friday, January 23rd.

Abrdn Global Dynamic Dividend Fund Trading Up 1.4%

NYSE AGD traded up $0.18 on Tuesday, reaching $12.34. The company had a trading volume of 114,577 shares, compared to its average volume of 155,822. Abrdn Global Dynamic Dividend Fund has a 52-week low of $8.46 and a 52-week high of $13.98. The company’s fifty day moving average is $11.63 and its 200 day moving average is $11.81.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AGD. Wealth Enhancement Advisory Services LLC boosted its holdings in Abrdn Global Dynamic Dividend Fund by 46.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,615 shares of the company’s stock worth $192,000 after buying an additional 4,953 shares during the period. Susquehanna International Group LLP purchased a new position in shares of Abrdn Global Dynamic Dividend Fund in the third quarter valued at $217,000. Bank of America Corp DE boosted its stake in Abrdn Global Dynamic Dividend Fund by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 573,938 shares of the company’s stock worth $7,645,000 after purchasing an additional 29,637 shares during the period. Ameriprise Financial Inc. increased its position in shares of Abrdn Global Dynamic Dividend Fund by 194.1% during the third quarter. Ameriprise Financial Inc. now owns 70,771 shares of the company’s stock valued at $913,000 after buying an additional 46,711 shares during the period. Finally, Raymond James Financial Inc. increased its position in shares of Abrdn Global Dynamic Dividend Fund by 25.9% during the third quarter. Raymond James Financial Inc. now owns 469,543 shares of the company’s stock valued at $6,254,000 after buying an additional 96,521 shares during the period.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.