abrdn Global Income Fund, Inc. Plans Monthly Dividend of $0.07 (NYSEAMERICAN:FCO)

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) announced a monthly dividend on Thursday, September 14th, Wall Street Journal reports. Investors of record on Friday, September 22nd will be paid a dividend of 0.07 per share on Friday, September 29th. This represents a $0.84 annualized dividend and a yield of 13.48%. The ex-dividend date is Thursday, September 21st.

abrdn Global Income Fund Stock Performance

abrdn Global Income Fund stock opened at $6.23 on Tuesday. abrdn Global Income Fund has a 52-week low of $4.30 and a 52-week high of $6.47.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in FCO. UBS Group AG increased its stake in abrdn Global Income Fund by 48.9% in the first quarter. UBS Group AG now owns 6,391 shares of the company’s stock valued at $32,000 after purchasing an additional 2,098 shares in the last quarter. Baird Financial Group Inc. grew its stake in shares of abrdn Global Income Fund by 14.7% in the 4th quarter. Baird Financial Group Inc. now owns 29,079 shares of the company’s stock valued at $140,000 after buying an additional 3,724 shares during the period. Morgan Stanley increased its position in abrdn Global Income Fund by 9.6% in the 4th quarter. Morgan Stanley now owns 60,342 shares of the company’s stock valued at $291,000 after buying an additional 5,270 shares in the last quarter. NewEdge Advisors LLC increased its position in abrdn Global Income Fund by 9.4% in the 1st quarter. NewEdge Advisors LLC now owns 76,000 shares of the company’s stock valued at $466,000 after buying an additional 6,500 shares in the last quarter. Finally, Bank of America Corp DE raised its stake in abrdn Global Income Fund by 9.9% during the 1st quarter. Bank of America Corp DE now owns 78,441 shares of the company’s stock worth $481,000 after buying an additional 7,087 shares during the period. 7.09% of the stock is owned by institutional investors and hedge funds.

abrdn Global Income Fund Company Profile

Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.