abrdn Global Income Fund, Inc. Declares Monthly Dividend of $0.07 (NYSEAMERICAN:FCO)

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) declared a monthly dividend on Tuesday, February 10th. Investors of record on Friday, February 20th will be paid a dividend of 0.07 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 27.3%. The ex-dividend date is Friday, February 20th.

abrdn Global Income Fund Price Performance

FCO traded up $0.01 during trading hours on Wednesday, hitting $3.08. 64,255 shares of the company’s stock were exchanged, compared to its average volume of 143,296. abrdn Global Income Fund has a 12-month low of $2.73 and a 12-month high of $6.77. The firm has a 50 day moving average of $2.99 and a 200 day moving average of $3.85.

Institutional Trading of abrdn Global Income Fund

Hedge funds have recently modified their holdings of the stock. Integrity Advisory Solutions LLC acquired a new position in abrdn Global Income Fund during the 3rd quarter worth $34,000. Virtu Financial LLC purchased a new position in shares of abrdn Global Income Fund in the 3rd quarter valued at about $36,000. Total Wealth Planning & Management Inc. purchased a new position in shares of abrdn Global Income Fund in the 4th quarter valued at about $42,000. Landscape Capital Management L.L.C. acquired a new position in shares of abrdn Global Income Fund during the third quarter worth about $47,000. Finally, Osaic Holdings Inc. increased its stake in shares of abrdn Global Income Fund by 12.0% during the second quarter. Osaic Holdings Inc. now owns 14,402 shares of the company’s stock worth $92,000 after buying an additional 1,547 shares during the period. 10.79% of the stock is currently owned by institutional investors and hedge funds.

About abrdn Global Income Fund

abrdn Global Income Fund (NYSE American: FCO) is a closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. Managed by abrdn’s global investment team, the fund pursues a diversified strategy across both fixed-income and equity markets. It is structured to deliver monthly distributions by combining income-generating securities with active portfolio management and selective use of leverage.

The fund’s core holdings typically include a broad range of global corporate bonds, convertible securities, preferred stocks and high-yield credit.