Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Plans $0.20 Monthly Dividend

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Wednesday, July 10th, Wall Street Journal reports. Stockholders of record on Wednesday, July 24th will be given a dividend of 0.20 per share on Wednesday, July 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 12.80%. The ex-dividend date of this dividend is Wednesday, July 24th.

Abrdn Global Infrastructure Income Fund has raised its dividend by an average of 64.3% per year over the last three years.

Abrdn Global Infrastructure Income Fund Price Performance

Shares of Abrdn Global Infrastructure Income Fund stock remained flat at $18.75 during trading hours on Thursday. The stock had a trading volume of 96,728 shares, compared to its average volume of 80,662. The business’s 50-day simple moving average is $18.61 and its 200 day simple moving average is $17.90. Abrdn Global Infrastructure Income Fund has a 52 week low of $14.96 and a 52 week high of $19.46.

Insider Activity at Abrdn Global Infrastructure Income Fund

In related news, major shareholder Saba Capital Management, L.P. bought 2,281 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of $17.01 per share, for a total transaction of $38,799.81. Following the acquisition, the insider now owns 2,742,927 shares in the company, valued at approximately $46,657,188.27. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Saba Capital Management, L.P. bought 2,281 shares of the company’s stock in a transaction that occurred on Monday, April 15th. The shares were acquired at an average cost of $17.01 per share, for a total transaction of $38,799.81. Following the acquisition, the insider now owns 2,742,927 shares in the company, valued at approximately $46,657,188.27. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan R. Goodson bought 3,881 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were bought at an average price of $16.83 per share, for a total transaction of $65,317.23. Following the completion of the acquisition, the director now owns 3,881 shares in the company, valued at approximately $65,317.23. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 105,688 shares of company stock worth $1,834,338.

Abrdn Global Infrastructure Income Fund Company Profile

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.