abrdn Global Income Fund (NYSEAMERICAN:FCO) Stock Price Down 1.6% – What’s Next?

Posted by Trevor Kearing on Apr 5th, 2025

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Get Free Report)’s share price dropped 1.6% on Thursday . The company traded as low as $5.96 and last traded at $6.05. Approximately 108,493 shares traded hands during trading, an increase of 60% from the average daily volume of 67,856 shares. The stock had previously closed at $6.15.

abrdn Global Income Fund Stock Down 5.0 %

abrdn Global Income Fund Announces Dividend

The firm also recently announced a monthly dividend, which was paid on Monday, March 31st. Shareholders of record on Tuesday, March 25th were issued a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 14.61%. The ex-dividend date of this dividend was Tuesday, March 25th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. LPL Financial LLC purchased a new position in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO – Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,915 shares of the company’s stock, valued at approximately $64,000. LPL Financial LLC owned approximately 0.09% of abrdn Global Income Fund as of its most recent filing with the Securities and Exchange Commission (SEC). 10.79% of the stock is currently owned by institutional investors and hedge funds.

abrdn Global Income Fund Company Profile

(Get Free Report)

Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.