abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Declares $0.07 Monthly Dividend

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) declared a monthly dividend on Tuesday, March 10th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.07 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 27.7%. The ex-dividend date of this dividend is Tuesday, March 24th.

abrdn Global Income Fund Price Performance

abrdn Global Income Fund stock traded up $0.00 during trading hours on Wednesday, hitting $3.03. 81,619 shares of the stock were exchanged, compared to its average volume of 154,496. abrdn Global Income Fund has a 12 month low of $2.73 and a 12 month high of $6.77. The business’s 50-day moving average is $3.09 and its two-hundred day moving average is $3.37.

Institutional Investors Weigh In On abrdn Global Income Fund

Large investors have recently bought and sold shares of the business. Sit Investment Associates Inc. acquired a new stake in abrdn Global Income Fund during the 4th quarter valued at $590,000. Van Diest Capital LLC acquired a new position in abrdn Global Income Fund in the fourth quarter worth $74,000. Equitable Holdings Inc. bought a new stake in shares of abrdn Global Income Fund during the fourth quarter worth $34,000. Total Wealth Planning & Management Inc. acquired a new stake in shares of abrdn Global Income Fund in the fourth quarter valued at $42,000. Finally, Susquehanna International Group LLP increased its stake in shares of abrdn Global Income Fund by 167.1% in the third quarter. Susquehanna International Group LLP now owns 53,629 shares of the company’s stock valued at $160,000 after buying an additional 33,547 shares in the last quarter. 10.79% of the stock is currently owned by institutional investors.

About abrdn Global Income Fund

abrdn Global Income Fund (NYSE American: FCO) is a closed-end management investment company that seeks to provide investors with high current income and the potential for capital appreciation. Managed by abrdn’s global investment team, the fund pursues a diversified strategy across both fixed-income and equity markets. It is structured to deliver monthly distributions by combining income-generating securities with active portfolio management and selective use of leverage.

The fund’s core holdings typically include a broad range of global corporate bonds, convertible securities, preferred stocks and high-yield credit.