Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Announces $0.12 Monthly Dividend

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Friday, September 11th. Stockholders of record on Tuesday, September 22nd will be given a dividend of 0.12 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend is Tuesday, September 22nd.

Abrdn Global Dynamic Dividend Fund Stock Up 2.2%

Shares of AGD opened at $12.01 on Friday. The company has a 50-day simple moving average of $12.18 and a 200-day simple moving average of $12.06. Abrdn Global Dynamic Dividend Fund has a 52 week low of $10.41 and a 52 week high of $13.98.

Hedge Funds Weigh In On Abrdn Global Dynamic Dividend Fund

Hedge funds have recently made changes to their positions in the business. Bank of America Corp DE acquired a new stake in shares of Abrdn Global Dynamic Dividend Fund during the 2nd quarter valued at about $6,442,000. Hennion & Walsh Asset Management Inc. raised its position in Abrdn Global Dynamic Dividend Fund by 1.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 310,171 shares of the company’s stock worth $3,756,000 after purchasing an additional 3,715 shares in the last quarter. International Assets Investment Management LLC raised its position in Abrdn Global Dynamic Dividend Fund by 32.2% in the first quarter. International Assets Investment Management LLC now owns 187,227 shares of the company’s stock worth $2,059,000 after purchasing an additional 45,632 shares in the last quarter. Royal Bank of Canada lifted its stake in Abrdn Global Dynamic Dividend Fund by 21.4% during the first quarter. Royal Bank of Canada now owns 183,901 shares of the company’s stock worth $1,986,000 after purchasing an additional 32,424 shares during the period. Finally, HighTower Advisors LLC lifted its stake in Abrdn Global Dynamic Dividend Fund by 3.0% during the second quarter. HighTower Advisors LLC now owns 32,240 shares of the company’s stock worth $390,000 after purchasing an additional 926 shares during the period.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.