Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Announces $0.21 Monthly Dividend

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Monday, January 12th. Shareholders of record on Friday, January 23rd will be given a dividend of 0.21 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Friday, January 23rd.

Abrdn Global Infrastructure Income Fund Stock Performance

NYSE:ASGI traded up $0.05 during mid-day trading on Tuesday, hitting $21.43. 310,378 shares of the stock traded hands, compared to its average volume of 279,383. Abrdn Global Infrastructure Income Fund has a 52 week low of $16.65 and a 52 week high of $23.22. The firm’s 50 day moving average is $21.73 and its two-hundred day moving average is $21.20.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP bought a new position in Abrdn Global Infrastructure Income Fund during the 2nd quarter worth about $31,000. Cloud Capital Management LLC purchased a new stake in shares of Abrdn Global Infrastructure Income Fund in the 3rd quarter worth approximately $34,000. Brown Brothers Harriman & Co. boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 114.5% during the third quarter. Brown Brothers Harriman & Co. now owns 2,031 shares of the company’s stock valued at $43,000 after purchasing an additional 1,084 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Abrdn Global Infrastructure Income Fund by 147.9% during the first quarter. Geneos Wealth Management Inc. now owns 2,152 shares of the company’s stock valued at $40,000 after purchasing an additional 1,284 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. purchased a new position in Abrdn Global Infrastructure Income Fund during the second quarter valued at approximately $63,000.

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.