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

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) announced a monthly dividend on Tuesday, November 14th, Wall Street Journal reports. Investors of record on Wednesday, November 22nd will be given a dividend of 0.07 per share on Thursday, November 30th. This represents a $0.84 dividend on an annualized basis and a yield of 14.21%. The ex-dividend date is Tuesday, November 21st.

abrdn Global Income Fund Stock Up 0.5 %

NYSEAMERICAN:FCO opened at $5.91 on Wednesday. abrdn Global Income Fund has a 12-month low of $4.48 and a 12-month high of $6.49.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its position in shares of abrdn Global Income Fund by 5.7% in the second quarter. Wells Fargo & Company MN now owns 541,449 shares of the company’s stock worth $3,227,000 after acquiring an additional 28,968 shares during the last quarter. Bank of America Corp DE boosted its holdings in shares of abrdn Global Income Fund by 9.9% in the 1st quarter. Bank of America Corp DE now owns 78,441 shares of the company’s stock valued at $481,000 after purchasing an additional 7,087 shares during the last quarter. NewEdge Advisors LLC increased its holdings in shares of abrdn Global Income Fund by 9.4% during the 1st quarter. NewEdge Advisors LLC now owns 76,000 shares of the company’s stock worth $466,000 after buying an additional 6,500 shares during the last quarter. Morgan Stanley increased its holdings in shares of abrdn Global Income Fund by 9.6% during the 4th quarter. Morgan Stanley now owns 60,342 shares of the company’s stock worth $291,000 after buying an additional 5,270 shares during the last quarter. Finally, Osaic Holdings Inc. raised its position in shares of abrdn Global Income Fund by 817.3% in the 2nd quarter. Osaic Holdings Inc. now owns 49,523 shares of the company’s stock worth $295,000 after buying an additional 44,124 shares during the period. 7.09% of the stock is currently 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.