Aberdeen Total Dynamic Dividend Fund (NYSE:AOD – Get Free Report) announced a monthly dividend on Friday, July 10th. Stockholders of record on Thursday, July 23rd will be given a dividend of 0.11 per share by the investment management company on Friday, July 31st. This represents a c) dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date is Thursday, July 23rd.
Aberdeen Total Dynamic Dividend Fund Trading Up 0.3%
Shares of NYSE:AOD opened at $10.49 on Tuesday. The business’s 50-day simple moving average is $10.38 and its 200 day simple moving average is $10.10. Aberdeen Total Dynamic Dividend Fund has a one year low of $8.76 and a one year high of $10.77.
Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Fifth Third Bancorp bought a new position in Aberdeen Total Dynamic Dividend Fund in the first quarter worth about $28,000. Ascentis Independent Advisors acquired a new stake in shares of Aberdeen Total Dynamic Dividend Fund in the 1st quarter worth approximately $56,000. AQR Capital Management LLC bought a new position in shares of Aberdeen Total Dynamic Dividend Fund in the first quarter valued at approximately $85,000. CWM LLC increased its stake in shares of Aberdeen Total Dynamic Dividend Fund by 14.1% during the fourth quarter. CWM LLC now owns 9,443 shares of the investment management company’s stock valued at $92,000 after acquiring an additional 1,166 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in Aberdeen Total Dynamic Dividend Fund by 242.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 11,411 shares of the investment management company’s stock worth $101,000 after purchasing an additional 8,080 shares in the last quarter.
Aberdeen Total Dynamic Dividend Fund Company Profile
Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is an actively managed exchange-traded fund that seeks to provide a high level of current income combined with the potential for capital appreciation. Structured as an open-end management investment company, AOD invests primarily in a diversified portfolio of dividend-paying common stocks across global markets. The fund pursues its objective by selecting companies that demonstrate the ability to sustain and grow their dividends over time.
The fund employs a dynamic weighting methodology designed to emphasize securities with favorable dividend growth prospects, dividend stability metrics and attractive valuation characteristics.
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