Abrdn Global Infrastructure Income Fund (ASGI) to Issue Monthly Dividend of $0.20 on January 31st

Posted by Michael Baxter on Jan 22nd, 2025

Abrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be given a dividend of 0.20 per share on Friday, January 31st. This represents a $2.40 annualized dividend and a dividend yield of 13.22%. The ex-dividend date is Friday, January 24th.

Abrdn Global Infrastructure Income Fund has increased its dividend payment by an average of 20.1% annually over the last three years.

Abrdn Global Infrastructure Income Fund Stock Performance

ASGI opened at $18.15 on Wednesday. Abrdn Global Infrastructure Income Fund has a fifty-two week low of $16.58 and a fifty-two week high of $20.35. The company’s 50-day moving average is $18.53 and its 200 day moving average is $19.14.

Insider Activity at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the business’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.69, for a total value of $816,662.44. Following the transaction, the insider now owns 2,885,153 shares of the company’s stock, valued at approximately $56,808,662.57. The trade was a 1.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders sold 183,872 shares of company stock valued at $3,626,382.

Abrdn Global Infrastructure Income Fund Company Profile

(Get Free Report)

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.