Abrdn World Healthcare Fund Plans Monthly Dividend of $0.12 (NYSE:THW)

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Wednesday, February 12th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.1167 per share on Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 11.80%. The ex-dividend date is Friday, February 21st.

Abrdn World Healthcare Fund has raised its dividend payment by an average of 104.4% annually over the last three years.

Abrdn World Healthcare Fund Price Performance

Shares of NYSE THW traded down $0.05 during mid-day trading on Wednesday, hitting $11.87. The company had a trading volume of 115,636 shares, compared to its average volume of 228,591. The firm has a 50-day simple moving average of $11.58 and a two-hundred day simple moving average of $12.38. Abrdn World Healthcare Fund has a one year low of $10.91 and a one year high of $13.48.

Abrdn World Healthcare Fund Company Profile

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.