Abrdn Global Infrastructure Income Fund (NYSE:ASGI) to Issue $0.20 — Dividend

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a — dividend on Tuesday, December 10th,Wall Street Journal reports. Shareholders of record on Monday, December 30th will be given a dividend of 0.20 per share on Friday, January 10th. This represents a yield of 13.2%. The ex-dividend date of this dividend is Monday, December 30th.

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

Abrdn Global Infrastructure Income Fund Stock Performance

ASGI stock traded down $0.32 during midday trading on Wednesday, hitting $19.01. 213,659 shares of the company’s stock were exchanged, compared to its average volume of 108,070. The stock’s fifty day moving average price is $19.75 and its 200-day moving average price is $19.30. Abrdn Global Infrastructure Income Fund has a one year low of $16.58 and a one year high of $20.35.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 12,724 shares of the business’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $19.83, for a total value of $252,316.92. Following the sale, the insider now directly owns 2,760,337 shares in the company, valued at $54,737,482.71. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last ninety days, insiders have sold 183,872 shares of company stock worth $3,626,382.

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.