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

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, December 9th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.12 per share on Monday, January 12th. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date of this dividend is Wednesday, December 31st.

Abrdn Global Dynamic Dividend Fund Stock Performance

Abrdn Global Dynamic Dividend Fund stock opened at $11.39 on Wednesday. Abrdn Global Dynamic Dividend Fund has a 52-week low of $8.46 and a 52-week high of $13.98. The business has a 50-day simple moving average of $11.83 and a two-hundred day simple moving average of $11.59.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. grew its stake in shares of Abrdn Global Dynamic Dividend Fund by 82.4% during the 2nd quarter. Raymond James Financial Inc. now owns 373,022 shares of the company’s stock valued at $4,118,000 after acquiring an additional 168,549 shares during the period. Bank of America Corp DE raised its position in Abrdn Global Dynamic Dividend Fund by 18.6% in the 2nd quarter. Bank of America Corp DE now owns 544,301 shares of the company’s stock worth $6,009,000 after purchasing an additional 85,449 shares during the period. International Assets Investment Management LLC bought a new stake in shares of Abrdn Global Dynamic Dividend Fund during the 2nd quarter worth approximately $663,000. Ameriprise Financial Inc. lifted its position in shares of Abrdn Global Dynamic Dividend Fund by 194.1% during the third quarter. Ameriprise Financial Inc. now owns 70,771 shares of the company’s stock worth $913,000 after purchasing an additional 46,711 shares during the last quarter. Finally, Adapt Wealth Advisors LLC purchased a new stake in Abrdn Global Dynamic Dividend Fund in the 3rd quarter valued at about $398,000.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.