Abrdn Global Infrastructure Income Fund (ASGI) to Issue Monthly Dividend of $0.21 on January 30th

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Monday, January 12th. Shareholders of record on Friday, January 23rd will be paid a dividend of 0.21 per share on Friday, January 30th. This represents a c) annualized dividend and a yield of 11.5%. The ex-dividend date is Friday, January 23rd.

Abrdn Global Infrastructure Income Fund Price Performance

Shares of NYSE:ASGI opened at $21.96 on Wednesday. The company’s 50-day moving average price is $21.87 and its two-hundred day moving average price is $21.24. Abrdn Global Infrastructure Income Fund has a one year low of $16.65 and a one year high of $23.22.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC raised its stake in shares of Abrdn Global Infrastructure Income Fund by 39.9% during the 1st quarter. Jane Street Group LLC now owns 14,204 shares of the company’s stock worth $261,000 after purchasing an additional 4,049 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in Abrdn Global Infrastructure Income Fund by 147.9% during the first quarter. Geneos Wealth Management Inc. now owns 2,152 shares of the company’s stock worth $40,000 after buying an additional 1,284 shares during the last quarter. Perigon Wealth Management LLC bought a new stake in Abrdn Global Infrastructure Income Fund during the second quarter worth $251,000. Catalina Capital Group LLC lifted its stake in Abrdn Global Infrastructure Income Fund by 10.2% in the second quarter. Catalina Capital Group LLC now owns 11,048 shares of the company’s stock valued at $225,000 after acquiring an additional 1,021 shares during the last quarter. Finally, Ashton Thomas Securities LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund in the 2nd quarter valued at about $389,000.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.