Abrdn Global Dynamic Dividend Fund Declares Monthly Dividend of $0.12 (NYSE:AGD)

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) announced a monthly dividend on Friday, April 10th. Shareholders of record on Wednesday, April 22nd will be given a dividend of 0.12 per share on Thursday, April 30th. This represents a c) annualized dividend and a yield of 11.8%. The ex-dividend date is Wednesday, April 22nd.

Abrdn Global Dynamic Dividend Fund Price Performance

AGD opened at $12.25 on Monday. Abrdn Global Dynamic Dividend Fund has a 1-year low of $9.35 and a 1-year high of $13.98. The company has a fifty day moving average price of $11.84 and a two-hundred day moving average price of $11.90.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. NWF Advisory Services Inc. increased its stake in Abrdn Global Dynamic Dividend Fund by 3.1% in the third quarter. NWF Advisory Services Inc. now owns 33,658 shares of the company’s stock valued at $448,000 after purchasing an additional 1,001 shares in the last quarter. Kapstone Financial Advisors LLC increased its stake in Abrdn Global Dynamic Dividend Fund by 9.4% in the third quarter. Kapstone Financial Advisors LLC now owns 19,750 shares of the company’s stock valued at $263,000 after purchasing an additional 1,700 shares in the last quarter. Truist Financial Corp increased its stake in Abrdn Global Dynamic Dividend Fund by 12.3% in the third quarter. Truist Financial Corp now owns 15,923 shares of the company’s stock valued at $212,000 after purchasing an additional 1,739 shares in the last quarter. Penserra Capital Management LLC increased its stake in Abrdn Global Dynamic Dividend Fund by 0.3% in the third quarter. Penserra Capital Management LLC now owns 683,911 shares of the company’s stock valued at $9,109,000 after purchasing an additional 1,911 shares in the last quarter. Finally, CoreCap Advisors LLC increased its stake in Abrdn Global Dynamic Dividend Fund by 68.5% in the third quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock valued at $141,000 after purchasing an additional 4,314 shares in the last quarter.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.