abrdn Global Income Fund, Inc. (FCO) To Go Ex-Dividend on April 22nd

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) declared a monthly dividend on Friday, April 10th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of 0.07 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 29.5%. The ex-dividend date of this dividend is Wednesday, April 22nd.

abrdn Global Income Fund Price Performance

FCO stock opened at $2.85 on Monday. The firm’s 50 day moving average price is $3.12 and its 200-day moving average price is $3.02. abrdn Global Income Fund has a one year low of $2.73 and a one year high of $6.77.

Hedge Funds Weigh In On abrdn Global Income Fund

Several hedge funds have recently bought and sold shares of the company. Sit Investment Associates Inc. acquired a new stake in abrdn Global Income Fund in the 4th quarter valued at about $590,000. Van Diest Capital LLC acquired a new position in shares of abrdn Global Income Fund during the fourth quarter worth about $74,000. Equitable Holdings Inc. acquired a new position in shares of abrdn Global Income Fund during the fourth quarter worth about $34,000. Total Wealth Planning & Management Inc. purchased a new stake in shares of abrdn Global Income Fund during the fourth quarter worth approximately $42,000. Finally, Susquehanna International Group LLP increased its stake in shares of abrdn Global Income Fund by 167.1% during the third quarter. Susquehanna International Group LLP now owns 53,629 shares of the company’s stock worth $160,000 after buying an additional 33,547 shares during the period. Institutional investors and hedge funds own 10.79% of the company’s stock.

About abrdn Global Income Fund

abrdn Global Income Fund (NYSE American: FCO) is a closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. Managed by abrdn’s global investment team, the fund pursues a diversified strategy across both fixed-income and equity markets. It is structured to deliver monthly distributions by combining income-generating securities with active portfolio management and selective use of leverage.

The fund’s core holdings typically include a broad range of global corporate bonds, convertible securities, preferred stocks and high-yield credit.