Abrdn Global Infrastructure Income Fund (ASGI) To Go Ex-Dividend on February 21st

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.19 per share on Friday, February 28th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 12.83%. The ex-dividend date is Friday, February 21st.

Abrdn Global Infrastructure Income Fund has increased its dividend by an average of 1.6% per year over the last three years.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of Abrdn Global Infrastructure Income Fund stock opened at $17.77 on Thursday. The business has a fifty day simple moving average of $17.96 and a 200-day simple moving average of $19.01. Abrdn Global Infrastructure Income Fund has a fifty-two week low of $16.58 and a fifty-two week high of $20.35.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $19.69, for a total transaction of $816,662.44. Following the completion of the sale, the insider now directly owns 2,885,153 shares in the company, valued at approximately $56,808,662.57. This trade represents a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Thomas W. Hunersen bought 5,000 shares of the business’s stock in a transaction on Wednesday, January 15th. The stock was bought at an average price of $17.67 per share, with a total value of $88,350.00. Following the transaction, the director now owns 6,000 shares in the company, valued at approximately $106,020. This represents a 500.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 181,523 shares of company stock worth $3,580,177.

About Abrdn Global Infrastructure Income Fund

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.