Abrdn Global Dynamic Dividend Fund (AGD) To Go Ex-Dividend on April 22nd

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Tuesday, April 9th, Zacks reports. Stockholders of record on Tuesday, April 23rd will be paid a dividend of 0.065 per share on Tuesday, April 30th. This represents a $0.78 annualized dividend and a dividend yield of 8.52%. The ex-dividend date is Monday, April 22nd.

Abrdn Global Dynamic Dividend Fund Stock Performance

Shares of AGD opened at $9.15 on Friday. The company’s 50-day moving average price is $9.48 and its 200 day moving average price is $9.18. Abrdn Global Dynamic Dividend Fund has a 12-month low of $8.20 and a 12-month high of $9.78.

Institutional Investors Weigh In On Abrdn Global Dynamic Dividend Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. NewEdge Advisors LLC raised its position in Abrdn Global Dynamic Dividend Fund by 14.8% in the first quarter. NewEdge Advisors LLC now owns 30,220 shares of the company’s stock valued at $338,000 after purchasing an additional 3,900 shares during the period. Nations Financial Group Inc. IA ADV purchased a new position in Abrdn Global Dynamic Dividend Fund during the 1st quarter valued at about $277,000. LPL Financial LLC grew its position in Abrdn Global Dynamic Dividend Fund by 7.3% in the 4th quarter. LPL Financial LLC now owns 20,830 shares of the company’s stock valued at $197,000 after acquiring an additional 1,420 shares in the last quarter. Ameriprise Financial Inc. grew its position in Abrdn Global Dynamic Dividend Fund by 61.1% in the 3rd quarter. Ameriprise Financial Inc. now owns 18,566 shares of the company’s stock valued at $161,000 after acquiring an additional 7,039 shares in the last quarter. Finally, CSS LLC IL increased its stake in Abrdn Global Dynamic Dividend Fund by 59.5% during the fourth quarter. CSS LLC IL now owns 16,800 shares of the company’s stock worth $159,000 after purchasing an additional 6,270 shares during the period.

About Abrdn Global Dynamic Dividend Fund

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.