abrdn Healthcare Investors (HQH) to Issue Quarterly Dividend of $0.63 on March 31st

abrdn Healthcare Investors (NYSE:HQH) announced a quarterly dividend on Tuesday, February 10th. Stockholders of record on Friday, February 20th will be paid a dividend of 0.63 per share by the financial services provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 12.6%. The ex-dividend date is Friday, February 20th. This is a 10.5% increase from abrdn Healthcare Investors’s previous quarterly dividend of $0.57.

abrdn Healthcare Investors Stock Performance

HQH opened at $20.05 on Wednesday. The stock’s 50 day simple moving average is $19.17 and its 200-day simple moving average is $18.30. abrdn Healthcare Investors has a 1 year low of $13.77 and a 1 year high of $20.30.

Institutional Trading of abrdn Healthcare Investors

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Uhlmann Price Securities LLC lifted its stake in abrdn Healthcare Investors by 3.1% during the fourth quarter. Uhlmann Price Securities LLC now owns 25,711 shares of the financial services provider’s stock worth $487,000 after purchasing an additional 781 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of abrdn Healthcare Investors by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $191,000 after buying an additional 788 shares during the period. NewEdge Advisors LLC boosted its stake in abrdn Healthcare Investors by 2.1% in the 2nd quarter. NewEdge Advisors LLC now owns 44,130 shares of the financial services provider’s stock valued at $684,000 after buying an additional 897 shares in the last quarter. Guggenheim Capital LLC boosted its stake in abrdn Healthcare Investors by 2.8% in the 4th quarter. Guggenheim Capital LLC now owns 33,748 shares of the financial services provider’s stock valued at $639,000 after buying an additional 929 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC grew its position in abrdn Healthcare Investors by 4.0% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 25,612 shares of the financial services provider’s stock valued at $485,000 after acquiring an additional 989 shares during the period. Institutional investors own 32.60% of the company’s stock.

abrdn Healthcare Investors Company Profile

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.