abrdn Healthcare Investors (NYSE:HQH) to Issue Dividend Increase – $0.63 Per Share

abrdn Healthcare Investors (NYSE:HQH) declared a quarterly dividend on Tuesday, February 10th. Investors of record on Friday, February 20th will be paid a dividend of 0.63 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 12.8%. The ex-dividend date of this dividend is Friday, February 20th. This is a 10.5% increase from abrdn Healthcare Investors’s previous quarterly dividend of $0.57.

abrdn Healthcare Investors Stock Up 1.0%

abrdn Healthcare Investors stock traded up $0.20 during mid-day trading on Wednesday, reaching $19.62. 177,518 shares of the company were exchanged, compared to its average volume of 192,520. abrdn Healthcare Investors has a 12-month low of $13.77 and a 12-month high of $19.79. The business has a fifty day moving average of $19.10 and a 200 day moving average of $18.16.

Institutional Trading of abrdn Healthcare Investors

Several hedge funds have recently modified their holdings of HQH. Raymond James Financial Inc. raised its stake in shares of abrdn Healthcare Investors by 9.2% during the 2nd quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock worth $20,131,000 after acquiring an additional 110,011 shares in the last quarter. Penserra Capital Management LLC increased its position in abrdn Healthcare Investors by 15.4% during the 3rd quarter. Penserra Capital Management LLC now owns 1,198,855 shares of the financial services provider’s stock valued at $22,130,000 after buying an additional 159,618 shares in the last quarter. Royal Bank of Canada grew its stake in shares of abrdn Healthcare Investors by 22.0% during the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after acquiring an additional 95,441 shares during the last quarter. LPL Financial LLC raised its position in shares of abrdn Healthcare Investors by 23.6% in the 4th quarter. LPL Financial LLC now owns 501,067 shares of the financial services provider’s stock valued at $9,490,000 after purchasing an additional 95,667 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in abrdn Healthcare Investors by 18.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 411,938 shares of the financial services provider’s stock valued at $7,616,000 after purchasing an additional 64,868 shares in the last quarter. 32.60% of the stock is owned by hedge funds and other institutional investors.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.