abrdn Healthcare Investors (NYSE:HQH) Plans Quarterly Dividend of $0.66

abrdn Healthcare Investors (NYSE:HQH) declared a quarterly dividend on Tuesday, August 11th. Investors of record on Monday, August 24th will be paid a dividend of 0.66 per share by the financial services provider on Monday, August 31st. This represents a c) annualized dividend and a dividend yield of 11.2%. The ex-dividend date is Monday, August 24th. This is a 8.2% increase from abrdn Healthcare Investors’s previous quarterly dividend of $0.61.

abrdn Healthcare Investors Stock Up 0.5%

NYSE HQH traded up $0.11 during mid-day trading on Wednesday, reaching $23.52. 42,595 shares of the stock were exchanged, compared to its average volume of 188,309. abrdn Healthcare Investors has a 1-year low of $15.99 and a 1-year high of $23.65. The business’s fifty day simple moving average is $21.10 and its 200 day simple moving average is $19.86.

Institutional Investors Weigh In On abrdn Healthcare Investors

Several hedge funds have recently made changes to their positions in HQH. Morgan Stanley grew its position in shares of abrdn Healthcare Investors by 11.5% in the fourth quarter. Morgan Stanley now owns 4,683,466 shares of the financial services provider’s stock valued at $88,705,000 after purchasing an additional 481,548 shares during the period. Raymond James Financial Inc. lifted its position in abrdn Healthcare Investors by 9.2% during the second quarter. Raymond James Financial Inc. now owns 1,299,644 shares of the financial services provider’s stock worth $20,131,000 after buying an additional 110,011 shares during the period. Royal Bank of Canada lifted its position in abrdn Healthcare Investors by 22.0% during the first quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock worth $8,604,000 after buying an additional 95,441 shares during the period. LPL Financial LLC boosted its stake in abrdn Healthcare Investors by 23.6% in the 4th quarter. LPL Financial LLC now owns 501,067 shares of the financial services provider’s stock worth $9,490,000 after buying an additional 95,667 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its holdings in abrdn Healthcare Investors by 27.6% in the 4th quarter. Advisors Asset Management Inc. now owns 463,367 shares of the financial services provider’s stock valued at $8,776,000 after buying an additional 100,347 shares during the period. Institutional investors and hedge funds own 32.60% of the company’s stock.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.