abrdn Healthcare Investors (NYSE:HQH) Shares Will Pay Quarterly Dividend of $0.68

abrdn Healthcare Investors (NYSE:HQH) announced a quarterly dividend on Tuesday, November 10th. Investors of record on Friday, November 20th will be paid a dividend of $0.68 per share by the financial services provider on Tuesday, January 12th. This represents a $2.72 dividend on an annualized basis and a yield of 12.3%. The ex-dividend date is Friday, November 20th.

abrdn Healthcare Investors Price Performance

Shares of NYSE:HQH traded up $0.27 during midday trading on Wednesday, hitting $22.07. 168,723 shares of the stock were exchanged, compared to its average volume of 185,594. abrdn Healthcare Investors has a 52-week low of $17.14 and a 52-week high of $24.85. The business’s fifty day simple moving average is $20.90 and its two-hundred day simple moving average is $20.37.

Institutional Trading of abrdn Healthcare Investors

Large investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its holdings in shares of abrdn Healthcare Investors by 0.5% during the 1st quarter. Royal Bank of Canada now owns 519,667 shares of the financial services provider’s stock worth $9,245,000 after purchasing an additional 2,582 shares during the period. Advisors Asset Management Inc. acquired a new stake in abrdn Healthcare Investors during the third quarter worth $9,243,000. Wedbush Securities Inc. increased its holdings in abrdn Healthcare Investors by 592.4% in the 2nd quarter. Wedbush Securities Inc. now owns 233,882 shares of the financial services provider’s stock valued at $4,530,000 after buying an additional 200,104 shares during the period. Bank of America Corp DE increased its holdings in abrdn Healthcare Investors by 19.7% in the 1st quarter. Bank of America Corp DE now owns 225,672 shares of the financial services provider’s stock valued at $4,015,000 after buying an additional 37,177 shares during the period. Finally, Samalin Investment Counsel LLC lifted its holdings in shares of abrdn Healthcare Investors by 17.9% during the 3rd quarter. Samalin Investment Counsel LLC now owns 182,351 shares of the financial services provider’s stock worth $3,809,000 after acquiring an additional 27,735 shares during the period. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors is a closed-end investment company that seeks long-term capital appreciation by investing primarily in the securities of healthcare and life sciences businesses. Rather than providing healthcare services directly, the fund offers investors exposure to companies in the sector. Its investments may include businesses involved in pharmaceuticals, biotechnology, medical devices and other healthcare-related areas. The portfolio can include companies in the United States and other markets, and its holdings may change over time.