Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Announces $0.20 Monthly Dividend

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Wednesday, July 10th, Wall Street Journal reports. Shareholders of record on Wednesday, July 24th will be paid a dividend of 0.20 per share on Wednesday, July 31st. This represents a $2.40 annualized dividend and a dividend yield of 12.38%. The ex-dividend date is Wednesday, July 24th.

Abrdn Global Infrastructure Income Fund has raised its dividend payment by an average of 64.3% per year over the last three years.

Abrdn Global Infrastructure Income Fund Stock Up 0.4 %

Shares of NYSE ASGI opened at $19.39 on Tuesday. Abrdn Global Infrastructure Income Fund has a 12-month low of $14.96 and a 12-month high of $19.56. The firm’s 50-day moving average is $18.76 and its two-hundred day moving average is $17.97.

Insider Buying and Selling at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. purchased 15,132 shares of Abrdn Global Infrastructure Income Fund stock in a transaction on Monday, April 29th. The shares were bought at an average price of $17.37 per share, with a total value of $262,842.84. Following the completion of the acquisition, the insider now directly owns 2,812,434 shares of the company’s stock, valued at $48,851,978.58. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders have acquired 93,397 shares of company stock valued at $1,626,702 over the last quarter.

About Abrdn Global Infrastructure Income Fund

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.