Abrdn Global Infrastructure Income Fund (ASGI) to Issue Monthly Dividend of $0.12 on November 30th

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Thursday, November 9th, Zacks reports. Shareholders of record on Wednesday, November 22nd will be paid a dividend of 0.12 per share on Thursday, November 30th. This represents a $1.44 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend is Tuesday, November 21st.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of NYSE:ASGI opened at $17.02 on Friday. The firm has a fifty day moving average price of $16.11 and a 200 day moving average price of $17.08. Abrdn Global Infrastructure Income Fund has a fifty-two week low of $14.96 and a fifty-two week high of $18.83.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

Several institutional investors have recently added to or reduced their stakes in ASGI. First Trust Advisors LP boosted its position in shares of Abrdn Global Infrastructure Income Fund by 4.4% during the 4th quarter. First Trust Advisors LP now owns 34,875 shares of the company’s stock valued at $594,000 after acquiring an additional 1,480 shares during the last quarter. Osaic Holdings Inc. lifted its position in Abrdn Global Infrastructure Income Fund by 12.5% during the second quarter. Osaic Holdings Inc. now owns 14,270 shares of the company’s stock valued at $254,000 after purchasing an additional 1,585 shares during the last quarter. Invesco Ltd. lifted its position in Abrdn Global Infrastructure Income Fund by 7.7% during the first quarter. Invesco Ltd. now owns 31,958 shares of the company’s stock valued at $644,000 after purchasing an additional 2,297 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Abrdn Global Infrastructure Income Fund in the 1st quarter worth $48,000. Finally, UBS Group AG increased its holdings in shares of Abrdn Global Infrastructure Income Fund by 0.7% in the 1st quarter. UBS Group AG now owns 441,035 shares of the company’s stock worth $8,886,000 after buying an additional 2,852 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus assumed coverage on shares of Abrdn Global Infrastructure Income Fund in a report on Monday, October 30th. They set a “buy” rating for the company.

Abrdn Global Infrastructure Income Fund Company Profile

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.