Abrdn Global Infrastructure Income Fund (ASGI) to Issue Monthly Dividend of $0.22 on September 30th

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Friday, September 11th. Investors of record on Tuesday, September 22nd will be paid a dividend of 0.22 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 13.1%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Abrdn Global Infrastructure Income Fund Price Performance

ASGI opened at $20.12 on Friday. Abrdn Global Infrastructure Income Fund has a 12-month low of $20.00 and a 12-month high of $25.95. The firm has a 50 day moving average of $23.46 and a two-hundred day moving average of $23.37.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ascentis Independent Advisors purchased a new stake in Abrdn Global Infrastructure Income Fund in the first quarter valued at $41,000. Allworth Financial LP lifted its holdings in shares of Abrdn Global Infrastructure Income Fund by 44.3% in the 4th quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock valued at $48,000 after buying an additional 664 shares during the period. Wedbush Securities Inc. acquired a new position in shares of Abrdn Global Infrastructure Income Fund in the 2nd quarter valued at about $223,000. Clearstead Advisors LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund in the fourth quarter worth about $224,000. Finally, FAS Wealth Partners Inc. purchased a new stake in shares of Abrdn Global Infrastructure Income Fund in the first quarter worth about $231,000.

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.