Abrdn Global Dynamic Dividend Fund (AGD) to Issue Monthly Dividend of $0.12 on October 30th

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be given a dividend of $0.12 per share on Friday, October 30th. This represents a $1.44 annualized dividend and a yield of 12.9%. The ex-dividend date is Friday, October 23rd.

Abrdn Global Dynamic Dividend Fund Stock Performance

AGD traded down $0.03 during trading on Wednesday, reaching $11.19. 23,738 shares of the stock traded hands, compared to its average volume of 111,733. The stock’s 50-day moving average is $11.88 and its 200 day moving average is $12.04. Abrdn Global Dynamic Dividend Fund has a 12 month low of $10.41 and a 12 month high of $12.89.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund during the 2nd quarter worth approximately $6,442,000. Hennion & Walsh Asset Management Inc. increased its stake in shares of Abrdn Global Dynamic Dividend Fund by 1.2% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 310,171 shares of the company’s stock valued at $3,756,000 after acquiring an additional 3,715 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of Abrdn Global Dynamic Dividend Fund by 32.2% in the 1st quarter. International Assets Investment Management LLC now owns 187,227 shares of the company’s stock valued at $2,059,000 after acquiring an additional 45,632 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Abrdn Global Dynamic Dividend Fund by 21.4% during the 1st quarter. Royal Bank of Canada now owns 183,901 shares of the company’s stock valued at $1,986,000 after acquiring an additional 32,424 shares during the period. Finally, HighTower Advisors LLC lifted its position in shares of Abrdn Global Dynamic Dividend Fund by 3.0% during the 2nd quarter. HighTower Advisors LLC now owns 32,240 shares of the company’s stock valued at $390,000 after acquiring an additional 926 shares during the period.

About Abrdn Global Dynamic Dividend Fund

abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment fund that seeks to provide investors with current income and long-term growth of capital. The fund invests primarily in dividend-paying equity securities issued by companies around the world.

Its portfolio may include common stocks, preferred securities, real estate investment trusts and other income-producing investments. The fund uses a flexible, globally diversified approach, allowing it to invest across industries, companies and geographic regions as its investment managers identify opportunities for dividend income and capital appreciation.

The fund was launched in 2006 and was formerly known as Alpine Global Dynamic Dividend Fund before becoming associated with Aberdeen, now abrdn.