Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Increases Dividend to $0.21 Per Share

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Wednesday, June 11th, Wall Street Journal reports. Stockholders of record on Monday, June 23rd will be given a dividend of 0.21 per share on Monday, June 30th. This represents a $2.52 annualized dividend and a dividend yield of 12.60%. The ex-dividend date is Monday, June 23rd. This is a 5.0% increase from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.20.

Abrdn Global Infrastructure Income Fund Price Performance

Shares of NYSE:ASGI opened at $20.00 on Friday. The business has a 50-day moving average price of $18.88 and a 200 day moving average price of $18.40. Abrdn Global Infrastructure Income Fund has a 12-month low of $16.65 and a 12-month high of $20.35.

Institutional Trading of Abrdn Global Infrastructure Income Fund

A hedge fund recently raised its stake in Abrdn Global Infrastructure Income Fund stock. Geneos Wealth Management Inc. raised its position in Abrdn Global Infrastructure Income Fund (NYSE:ASGI) by 147.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,152 shares of the company’s stock after acquiring an additional 1,284 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Abrdn Global Infrastructure Income Fund were worth $40,000 as of its most recent SEC filing.

About Abrdn Global Infrastructure Income Fund

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.