Abrdn Global Infrastructure Income Fund to Issue Monthly Dividend of $0.21 (NYSE:ASGI)

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Wednesday, October 9th, NASDAQ reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.21 per share on Thursday, October 31st. This represents a $2.52 annualized dividend and a dividend yield of 12.63%. The ex-dividend date of this dividend is Thursday, October 24th.

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

Abrdn Global Infrastructure Income Fund Stock Up 0.3 %

NYSE ASGI traded up $0.05 during mid-day trading on Thursday, reaching $19.96. 104,541 shares of the stock were exchanged, compared to its average volume of 103,275. Abrdn Global Infrastructure Income Fund has a 1-year low of $14.96 and a 1-year high of $20.35. The business’s fifty day simple moving average is $19.52 and its 200 day simple moving average is $18.70.

Insiders Place Their Bets

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. acquired 41,344 shares of the firm’s stock in a transaction on Tuesday, September 24th. The stock was bought at an average cost of $19.32 per share, for a total transaction of $798,766.08. Following the completion of the purchase, the insider now directly owns 2,957,749 shares in the company, valued at $57,143,710.68. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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.