Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) to Issue Dividend Increase – $0.06 Per Share

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) announced a monthly dividend on Tuesday, September 12th, Zacks reports. Shareholders of record on Friday, September 22nd will be given a dividend of 0.058 per share by the investment management company on Friday, September 29th. This represents a $0.70 annualized dividend and a yield of 8.90%. The ex-dividend date of this dividend is Thursday, September 21st. This is an increase from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.06.

Aberdeen Total Dynamic Dividend Fund Trading Down 0.4 %

Aberdeen Total Dynamic Dividend Fund stock opened at $7.82 on Thursday. Aberdeen Total Dynamic Dividend Fund has a 52 week low of $6.87 and a 52 week high of $8.55. The stock has a 50-day simple moving average of $8.12 and a 200 day simple moving average of $8.10.

Institutional Trading of Aberdeen Total Dynamic Dividend Fund

Institutional investors have recently modified their holdings of the stock. Cetera Advisor Networks LLC boosted its stake in Aberdeen Total Dynamic Dividend Fund by 4.5% in the first quarter. Cetera Advisor Networks LLC now owns 30,535 shares of the investment management company’s stock valued at $293,000 after buying an additional 1,323 shares in the last quarter. Carolinas Wealth Consulting LLC lifted its stake in shares of Aberdeen Total Dynamic Dividend Fund by 30.8% in the first quarter. Carolinas Wealth Consulting LLC now owns 5,924 shares of the investment management company’s stock worth $57,000 after acquiring an additional 1,396 shares during the period. Cetera Investment Advisers boosted its holdings in Aberdeen Total Dynamic Dividend Fund by 4.8% in the first quarter. Cetera Investment Advisers now owns 31,458 shares of the investment management company’s stock valued at $302,000 after acquiring an additional 1,444 shares during the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Aberdeen Total Dynamic Dividend Fund by 8.6% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 18,752 shares of the investment management company’s stock worth $155,000 after purchasing an additional 1,489 shares during the period. Finally, Baird Financial Group Inc. raised its stake in Aberdeen Total Dynamic Dividend Fund by 3.1% during the first quarter. Baird Financial Group Inc. now owns 50,596 shares of the investment management company’s stock worth $486,000 after buying an additional 1,518 shares during the last quarter.