abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Get Free Report) announced a monthly dividend on Friday, April 10th. Shareholders of record on Wednesday, April 22nd will be paid a dividend of 0.07 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 29.5%. The ex-dividend date is Wednesday, April 22nd.
abrdn Global Income Fund Price Performance
Shares of FCO opened at $2.85 on Monday. abrdn Global Income Fund has a 52-week low of $2.73 and a 52-week high of $6.77. The stock has a fifty day simple moving average of $3.12 and a two-hundred day simple moving average of $3.02.
Institutional Trading of abrdn Global Income Fund
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Sit Investment Associates Inc. acquired a new stake in shares of abrdn Global Income Fund during the 4th quarter worth about $590,000. Van Diest Capital LLC acquired a new stake in shares of abrdn Global Income Fund during the 4th quarter worth about $74,000. Equitable Holdings Inc. acquired a new stake in shares of abrdn Global Income Fund during the 4th quarter worth about $34,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of abrdn Global Income Fund during the 4th quarter worth about $42,000. Finally, Susquehanna International Group LLP increased its position in shares of abrdn Global Income Fund by 167.1% during the 3rd quarter. Susquehanna International Group LLP now owns 53,629 shares of the company’s stock worth $160,000 after purchasing an additional 33,547 shares during the last quarter. 10.79% of the stock is 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.
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