Abrdn Global Infrastructure Income Fund (ASGI) to Distribute Monthly Dividend of $0.22 on October 30th

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Friday, September 25th. Shareholders of record on Tuesday, October 6th will be paid a dividend of $0.22 per share on Friday, October 30th. This represents a $2.64 annualized dividend and a yield of 13.8%. The ex-dividend date of this dividend is Tuesday, October 6th.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of NYSE:ASGI opened at $19.09 on Friday. Abrdn Global Infrastructure Income Fund has a 12-month low of $18.90 and a 12-month high of $25.95. The business has a 50 day moving average of $22.49 and a 200-day moving average of $23.06.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Several institutional investors have recently added to or reduced their stakes in the company. Readystate Asset Management LP bought a new position in Abrdn Global Infrastructure Income Fund during the 2nd quarter worth $574,000. Wedbush Securities Inc. bought a new stake in shares of Abrdn Global Infrastructure Income Fund in the second quarter valued at about $223,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in shares of Abrdn Global Infrastructure Income Fund by 13.5% in the second quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 13,227 shares of the company’s stock valued at $308,000 after acquiring an additional 1,573 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its stake in shares of Abrdn Global Infrastructure Income Fund by 52.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 142,637 shares of the company’s stock valued at $3,316,000 after acquiring an additional 49,339 shares in the last quarter. Finally, FAS Wealth Partners Inc. acquired a new position in shares of Abrdn Global Infrastructure Income Fund in the first quarter valued at about $231,000.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end investment company managed by abrdn. The fund seeks to provide investors with current income and total return by investing in infrastructure-related assets and companies around the world.

Its portfolio may include publicly traded and privately held equity securities, as well as debt investments, issued by businesses involved in areas such as utilities, transportation, energy, communications infrastructure and other essential infrastructure services.