Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Announces $0.07 Monthly Dividend

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, September 12th, Zacks reports. Investors of record on Friday, September 22nd will be paid a dividend of 0.065 per share on Friday, September 29th. This represents a $0.78 dividend on an annualized basis and a yield of 8.58%. The ex-dividend date of this dividend is Thursday, September 21st.

Abrdn Global Dynamic Dividend Fund Trading Down 0.3 %

Shares of NYSE AGD opened at $9.09 on Thursday. The firm has a 50-day moving average price of $9.42 and a 200 day moving average price of $9.37. Abrdn Global Dynamic Dividend Fund has a 52 week low of $8.23 and a 52 week high of $10.61.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Several institutional investors have recently modified their holdings of AGD. Advisors Asset Management Inc. raised its holdings in Abrdn Global Dynamic Dividend Fund by 22.3% during the first quarter. Advisors Asset Management Inc. now owns 634,758 shares of the company’s stock worth $7,109,000 after purchasing an additional 115,786 shares during the last quarter. Bank of America Corp DE raised its position in Abrdn Global Dynamic Dividend Fund by 101.7% during the first quarter. Bank of America Corp DE now owns 633,493 shares of the company’s stock worth $5,910,000 after acquiring an additional 319,463 shares during the last quarter. UBS Group AG lifted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 14.6% in the first quarter. UBS Group AG now owns 205,231 shares of the company’s stock valued at $1,915,000 after purchasing an additional 26,101 shares in the last quarter. Advisor Group Holdings Inc. lifted its holdings in shares of Abrdn Global Dynamic Dividend Fund by 7.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 84,268 shares of the company’s stock valued at $797,000 after purchasing an additional 5,512 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in shares of Abrdn Global Dynamic Dividend Fund by 119.6% in the first quarter. NewEdge Advisors LLC now owns 81,685 shares of the company’s stock valued at $753,000 after purchasing an additional 44,485 shares during the last quarter.

About Abrdn Global Dynamic Dividend Fund

abrdn Global Dynamic Dividend Fund is a mutual fund, closed-end investment trust. It focuses on long-term growth of capital and seeks high current dividend income. The company was founded on May 11, 2006 and is headquartered in Philadelphia, PA.