Abrdn Global Dynamic Dividend Fund (AGD) to Issue Monthly Dividend of $0.12 on August 31st

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, August 11th. Shareholders of record on Monday, August 24th will be paid a dividend of 0.12 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 11.6%. The ex-dividend date of this dividend is Monday, August 24th.

Abrdn Global Dynamic Dividend Fund Price Performance

Shares of AGD opened at $12.40 on Thursday. Abrdn Global Dynamic Dividend Fund has a 1 year low of $10.41 and a 1 year high of $13.98. The company’s 50-day simple moving average is $12.15 and its 200-day simple moving average is $12.11.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

Several institutional investors have recently modified their holdings of the stock. Bank of America Corp DE grew its stake in shares of Abrdn Global Dynamic Dividend Fund by 5.4% in the 3rd quarter. Bank of America Corp DE now owns 573,938 shares of the company’s stock valued at $7,645,000 after purchasing an additional 29,637 shares during the last quarter. Raymond James Financial Inc. boosted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 25.9% in the 3rd quarter. Raymond James Financial Inc. now owns 469,543 shares of the company’s stock valued at $6,254,000 after purchasing an additional 96,521 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings 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 valued at $3,756,000 after acquiring an additional 3,715 shares during the last quarter. LPL Financial LLC grew its position in Abrdn Global Dynamic Dividend Fund by 42.5% during the fourth quarter. LPL Financial LLC now owns 252,989 shares of the company’s stock valued at $2,950,000 after acquiring an additional 75,502 shares during the period. Finally, Wells Fargo & Company MN increased its stake in Abrdn Global Dynamic Dividend Fund by 32.8% during the fourth quarter. Wells Fargo & Company MN now owns 207,574 shares of the company’s stock worth $2,420,000 after acquiring an additional 51,275 shares during the last quarter.

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.