Abrdn Global Infrastructure Income Fund (NYSE:ASGI) to Issue Monthly Dividend of $0.23

Abrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) announced a monthly dividend on Tuesday, June 9th. Investors of record on Tuesday, June 23rd will be given a dividend of 0.23 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 12.5%. The ex-dividend date of this dividend is Tuesday, June 23rd.

Abrdn Global Infrastructure Income Fund Price Performance

Shares of NYSE ASGI opened at $22.08 on Wednesday. The firm’s 50-day moving average price is $23.65 and its two-hundred day moving average price is $23.12. Abrdn Global Infrastructure Income Fund has a 52-week low of $19.70 and a 52-week high of $25.95.

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Insider Activity

In related news, Director Alan R. Goodson sold 4,300 shares of the business’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $23.86, for a total transaction of $102,598.00. Following the completion of the transaction, the director owned 657 shares in the company, valued at $15,676.02. The trade was a 86.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Several hedge funds and other institutional investors have recently modified their holdings of ASGI. Geneos Wealth Management Inc. grew its position 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 worth $40,000 after acquiring an additional 1,284 shares during the last quarter. Ascentis Independent Advisors bought a new position in Abrdn Global Infrastructure Income Fund in the 1st quarter worth about $41,000. Brown Brothers Harriman & Co. increased its stake in shares of Abrdn Global Infrastructure Income Fund by 114.5% in 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 during the period. Allworth Financial LP raised its holdings in shares of Abrdn Global Infrastructure Income Fund by 44.3% during the fourth quarter. Allworth Financial LP now owns 2,164 shares of the company’s stock valued at $48,000 after buying an additional 664 shares during the last quarter. Finally, Eagle Bay Advisors LLC bought a new stake in shares of Abrdn Global Infrastructure Income Fund during the fourth quarter valued at approximately $50,000.

About Abrdn Global Infrastructure Income Fund

(Get Free Report)

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.

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