Abrdn Healthcare Investors (NYSE:HQH) Plans Dividend of $0.54

Abrdn Healthcare Investors (NYSE:HQH) declared a dividend on Tuesday, May 20th, investing.com reports. Investors of record on Friday, May 23rd will be paid a dividend of 0.54 per share by the financial services provider on Monday, June 30th. This represents a yield of 13.62%. The ex-dividend date of this dividend is Thursday, May 22nd. This is a 8.0% increase from Abrdn Healthcare Investors’s previous dividend of $0.50.

Abrdn Healthcare Investors has raised its dividend payment by an average of 101.6% annually over the last three years.

Abrdn Healthcare Investors Stock Up 1.1%

Shares of HQH opened at $15.84 on Tuesday. The firm’s 50 day moving average price is $15.70 and its 200 day moving average price is $16.75. Abrdn Healthcare Investors has a twelve month low of $13.77 and a twelve month high of $19.79.

Hedge Funds Weigh In On Abrdn Healthcare Investors

Institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new position in shares of Abrdn Healthcare Investors in the first quarter valued at approximately $166,000. Goldman Sachs Group Inc. raised its position in shares of Abrdn Healthcare Investors by 7.2% in the first quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock valued at $191,000 after purchasing an additional 788 shares during the period. NewEdge Advisors LLC raised its position in shares of Abrdn Healthcare Investors by 3.0% in the first quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,274 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Abrdn Healthcare Investors by 22.0% in the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock valued at $8,604,000 after purchasing an additional 95,441 shares during the period. Institutional investors own 32.60% of the company’s stock.

About Abrdn Healthcare Investors

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.