Abrdn Global Infrastructure Income Fund (ASGI) to Issue Monthly Dividend of $0.23 on June 30th

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Tuesday, June 9th. Stockholders of record on Tuesday, June 23rd will be paid a dividend of 0.23 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 12.5%. The ex-dividend date is Tuesday, June 23rd.

Abrdn Global Infrastructure Income Fund Stock Up 0.5%

Shares of NYSE ASGI opened at $22.16 on Thursday. Abrdn Global Infrastructure Income Fund has a 12 month low of $19.83 and a 12 month high of $25.95. The business has a fifty day simple moving average of $23.66 and a 200-day simple moving average of $23.13.

Insider Activity at Abrdn Global Infrastructure Income Fund

In other news, Director Alan R. Goodson sold 4,300 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was sold at an average price of $23.86, for a total transaction of $102,598.00. Following the completion of the sale, the director directly owned 657 shares of the company’s stock, valued at $15,676.02. This represents a 86.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Institutional Investors Weigh In On Abrdn Global Infrastructure Income Fund

Several hedge funds have recently modified their holdings of the stock. FAS Wealth Partners Inc. acquired a new position in Abrdn Global Infrastructure Income Fund during the first quarter valued at $231,000. Royal Bank of Canada raised its position in Abrdn Global Infrastructure Income Fund by 4.3% during the first quarter. Royal Bank of Canada now owns 148,654 shares of the company’s stock valued at $3,324,000 after buying an additional 6,065 shares during the period. Cetera Investment Advisers raised its position in Abrdn Global Infrastructure Income Fund by 11.2% during the first quarter. Cetera Investment Advisers now owns 74,598 shares of the company’s stock valued at $1,668,000 after buying an additional 7,498 shares during the period. Fifth Third Bancorp raised its position in Abrdn Global Infrastructure Income Fund by 816,720.0% during the first quarter. Fifth Third Bancorp now owns 122,523 shares of the company’s stock valued at $2,740,000 after buying an additional 122,508 shares during the period. Finally, Kestra Advisory Services LLC raised its position in Abrdn Global Infrastructure Income Fund by 45.0% during the first quarter. Kestra Advisory Services LLC now owns 27,416 shares of the company’s stock valued at $613,000 after buying an additional 8,512 shares during the period.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.