Abrdn Global Infrastructure Income Fund Declares Monthly Dividend of $0.23 (NYSE:ASGI)

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Tuesday, June 9th. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.23 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 12.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Abrdn Global Infrastructure Income Fund Stock Down 3.0%

Shares of NYSE ASGI opened at $22.08 on Wednesday. Abrdn Global Infrastructure Income Fund has a 1 year low of $19.70 and a 1 year high of $25.95. The stock’s 50-day simple moving average is $23.65 and its 200-day simple moving average is $23.12.

Insider Transactions at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, Director Alan R. Goodson sold 4,300 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $23.86, for a total value of $102,598.00. Following the transaction, the director directly owned 657 shares of the company’s stock, valued at $15,676.02. This represents a 86.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG increased its position in shares of Abrdn Global Infrastructure Income Fund by 1.1% in the 4th quarter. UBS Group AG now owns 764,143 shares of the company’s stock worth $17,086,000 after purchasing an additional 8,437 shares during the last quarter. Equitable Holdings Inc. increased its holdings in Abrdn Global Infrastructure Income Fund by 10.2% in the fourth quarter. Equitable Holdings Inc. now owns 694,961 shares of the company’s stock valued at $15,539,000 after buying an additional 64,549 shares during the last quarter. Wells Fargo & Company MN raised its stake in Abrdn Global Infrastructure Income Fund by 5.8% during the fourth quarter. Wells Fargo & Company MN now owns 490,514 shares of the company’s stock valued at $10,968,000 after buying an additional 26,714 shares in the last quarter. Raymond James Financial Inc. raised its stake in Abrdn Global Infrastructure Income Fund by 8.2% during the second quarter. Raymond James Financial Inc. now owns 215,387 shares of the company’s stock valued at $4,390,000 after buying an additional 16,319 shares in the last quarter. Finally, First Trust Advisors LP grew its position in shares of Abrdn Global Infrastructure Income Fund by 11.0% in the 3rd quarter. First Trust Advisors LP now owns 169,096 shares of the company’s stock worth $3,573,000 after acquiring an additional 16,717 shares in the last quarter.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.