Abrdn Global Dynamic Dividend Fund (AGD) to Issue Monthly Dividend of $0.12 on February 27th

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, February 10th. Shareholders of record on Friday, February 20th will be paid a dividend of 0.12 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 11.7%. The ex-dividend date is Friday, February 20th.

Abrdn Global Dynamic Dividend Fund Stock Down 0.1%

Shares of AGD opened at $12.35 on Thursday. Abrdn Global Dynamic Dividend Fund has a 52-week low of $8.46 and a 52-week high of $13.98. The firm’s fifty day moving average is $12.03 and its two-hundred day moving average is $11.99.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of AGD. Onyx Bridge Wealth Group LLC purchased a new stake in shares of Abrdn Global Dynamic Dividend Fund in the 2nd quarter valued at approximately $114,000. Shaker Financial Services LLC acquired a new position in Abrdn Global Dynamic Dividend Fund in the fourth quarter valued at approximately $129,000. XTX Topco Ltd acquired a new position in Abrdn Global Dynamic Dividend Fund in the second quarter valued at approximately $135,000. CoreCap Advisors LLC grew its position in Abrdn Global Dynamic Dividend Fund by 68.5% in the third quarter. CoreCap Advisors LLC now owns 10,610 shares of the company’s stock worth $141,000 after acquiring an additional 4,314 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Abrdn Global Dynamic Dividend Fund during the third quarter worth $148,000.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund (NYSE: AGD) is a closed-end investment company that seeks to deliver a high level of current income along with the potential for capital appreciation. Managed by abrdn Investment Management Limited, the fund employs an active, research-driven approach to build a diversified portfolio of equity securities issued by companies around the world that demonstrate sustainable dividend payment histories.

The fund’s investment strategy combines top-down macroeconomic insights with bottom-up company analysis.