Abrdn Global Infrastructure Income Fund Declares Monthly Dividend of $0.19 (NYSE:ASGI)

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Friday, February 21st will be paid a dividend of 0.19 per share on Friday, February 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.83%. The ex-dividend date is Friday, February 21st.

Abrdn Global Infrastructure Income Fund has increased its dividend payment by an average of 1.6% annually over the last three years.

Abrdn Global Infrastructure Income Fund Price Performance

ASGI stock traded down $0.08 during mid-day trading on Wednesday, hitting $17.77. 193,395 shares of the company were exchanged, compared to its average volume of 224,589. The firm has a fifty day simple moving average of $18.00 and a 200 day simple moving average of $19.02. Abrdn Global Infrastructure Income Fund has a twelve month low of $16.58 and a twelve month high of $20.35.

Insider Buying and Selling

In other Abrdn Global Infrastructure Income Fund news, Director Thomas W. Hunersen acquired 5,000 shares of Abrdn Global Infrastructure Income Fund stock in a transaction dated Wednesday, January 15th. The stock was bought at an average price of $17.67 per share, for a total transaction of $88,350.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $106,020. This trade represents a 500.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Saba Capital Management, L.P. sold 16,188 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $19.78, for a total value of $320,198.64. Following the completion of the transaction, the insider now directly owns 2,660,787 shares in the company, valued at $52,630,366.86. This represents a 0.60 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 181,523 shares of company stock valued at $3,580,177 in the last three months.

Abrdn Global Infrastructure Income Fund Company Profile

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.