Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Announces Monthly Dividend of $0.12

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Friday, July 10th. Investors of record on Thursday, July 23rd will be given a dividend of 0.12 per share on Friday, July 31st. This represents a c) annualized dividend and a dividend yield of 11.9%. The ex-dividend date of this dividend is Thursday, July 23rd.

Abrdn Global Dynamic Dividend Fund Trading Down 0.1%

NYSE AGD opened at $12.10 on Tuesday. Abrdn Global Dynamic Dividend Fund has a 52 week low of $10.41 and a 52 week high of $13.98. The company has a 50 day moving average price of $12.26 and a 200 day moving average price of $12.11.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

Several hedge funds and other institutional investors have recently made changes to their positions in AGD. Bank of America Corp DE grew its stake in Abrdn Global Dynamic Dividend Fund by 5.4% during the 3rd quarter. Bank of America Corp DE now owns 573,938 shares of the company’s stock worth $7,645,000 after buying an additional 29,637 shares during the last quarter. Raymond James Financial Inc. raised its stake in Abrdn Global Dynamic Dividend Fund by 25.9% in the third quarter. Raymond James Financial Inc. now owns 469,543 shares of the company’s stock valued at $6,254,000 after buying an additional 96,521 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its holdings in Abrdn Global Dynamic Dividend Fund by 1.2% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 310,171 shares of the company’s stock worth $3,756,000 after acquiring an additional 3,715 shares in the last quarter. LPL Financial LLC boosted its holdings in Abrdn Global Dynamic Dividend Fund by 42.5% in the fourth quarter. LPL Financial LLC now owns 252,989 shares of the company’s stock worth $2,950,000 after acquiring an additional 75,502 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in shares of Abrdn Global Dynamic Dividend Fund by 32.8% during the fourth quarter. Wells Fargo & Company MN now owns 207,574 shares of the company’s stock worth $2,420,000 after acquiring an additional 51,275 shares during the last quarter.

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.