abrdn Global Premier Properties Fund Announces Monthly Dividend of $0.04 (NYSE:AWP)

abrdn Global Premier Properties Fund (NYSE:AWP) declared a monthly dividend on Tuesday, September 12th, Zacks reports. Stockholders of record on Friday, September 22nd will be given a dividend of 0.04 per share by the investment management company on Friday, September 29th. This represents a $0.48 annualized dividend and a dividend yield of 12.37%. The ex-dividend date of this dividend is Thursday, September 21st.

abrdn Global Premier Properties Fund has decreased its dividend payment by an average of 4.4% per year over the last three years.

abrdn Global Premier Properties Fund Price Performance

Shares of abrdn Global Premier Properties Fund stock opened at $3.88 on Tuesday. abrdn Global Premier Properties Fund has a one year low of $3.51 and a one year high of $4.71. The business’s 50 day simple moving average is $3.96 and its two-hundred day simple moving average is $3.93.

Hedge Funds Weigh In On abrdn Global Premier Properties Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Mariner LLC grew its position in shares of abrdn Global Premier Properties Fund by 29.5% in the 4th quarter. Mariner LLC now owns 42,077 shares of the investment management company’s stock worth $164,000 after buying an additional 9,577 shares during the last quarter. NewEdge Advisors LLC increased its position in abrdn Global Premier Properties Fund by 16.5% during the 2nd quarter. NewEdge Advisors LLC now owns 31,138 shares of the investment management company’s stock valued at $153,000 after purchasing an additional 4,400 shares during the period. SVB Wealth LLC bought a new position in abrdn Global Premier Properties Fund in the 1st quarter worth $117,000. Axxcess Wealth Management LLC purchased a new stake in shares of abrdn Global Premier Properties Fund in the 4th quarter worth about $111,000. Finally, Cresset Asset Management LLC bought a new stake in abrdn Global Premier Properties Fund during the 1st quarter valued at approximately $111,000.

abrdn Global Premier Properties Fund Company Profile

Abrdn Global Premier Properties Fund is a closed-end 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 real estate sectors. It invests in value stocks of companies.