Tekla World Healthcare Fund (NYSE:THW) Plans Dividend Increase – $0.12 Per Share
Tekla World Healthcare Fund (NYSE:THW) declared a monthly dividend on Tuesday, July 9th, Zacks reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.117 per share on Wednesday, July 31st. This represents a $1.40 annualized dividend and a dividend yield of 10.44%. The ex-dividend date is Thursday, July 18th. This is an increase from Tekla World Healthcare Fund’s previous monthly dividend of $0.12.
Tekla World Healthcare Fund has increased its dividend payment by an average of 44.2% per year over the last three years.
Shares of THW stock opened at $13.45 on Wednesday. Tekla World Healthcare Fund has a 12-month low of $10.80 and a 12-month high of $14.20. The company has a fifty day moving average price of $12.58.
Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.
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