Abrdn World Healthcare Fund (NYSE:THW) Announces Monthly Dividend of $0.12

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be given a dividend of 0.1167 per share on Friday, January 31st. This represents a $1.40 annualized dividend and a dividend yield of 12.21%. The ex-dividend date is Friday, January 24th.

Abrdn World Healthcare Fund has raised its dividend payment by an average of 120.5% per year over the last three years.

Abrdn World Healthcare Fund Stock Up 1.2 %

Abrdn World Healthcare Fund stock traded up $0.14 during trading on Monday, reaching $11.47. 391,299 shares of the company’s stock were exchanged, compared to its average volume of 205,386. The company’s 50-day moving average is $11.69 and its two-hundred day moving average is $12.58. Abrdn World Healthcare Fund has a 52-week low of $10.91 and a 52-week high of $13.48.

Abrdn World Healthcare Fund Company Profile

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.