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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Thursday, July 11th, Wall Street Journal reports. Investors 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 yield of 12.83%. 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 Stock Down 0.2 %

Abrdn Global Infrastructure Income Fund stock traded down $0.04 during trading hours on Thursday, reaching $18.71. 96,241 shares of the stock were exchanged, compared to its average volume of 80,659. Abrdn Global Infrastructure Income Fund has a 52-week low of $14.96 and a 52-week high of $19.46. The firm’s 50 day moving average is $18.61 and its 200 day moving average is $17.90.

Insider Buying and Selling

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. bought 8,397 shares of the business’s stock in a transaction dated Monday, May 6th. The stock was acquired at an average cost of $17.84 per share, with a total value of $149,802.48. Following the purchase, the insider now owns 2,913,572 shares in the company, valued at approximately $51,978,124.48. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, Director Alan R. Goodson acquired 3,881 shares of the firm’s stock in a transaction that occurred on Thursday, April 18th. The shares were purchased at an average price of $16.83 per share, with a total value of $65,317.23. Following the completion of the acquisition, the director now owns 3,881 shares in the company, valued at $65,317.23. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Saba Capital Management, L.P. purchased 8,397 shares of Abrdn Global Infrastructure Income Fund stock in a transaction dated Monday, May 6th. The shares were bought at an average price of $17.84 per share, with a total value of $149,802.48. Following the completion of the transaction, the insider now owns 2,913,572 shares in the company, valued at approximately $51,978,124.48. The disclosure for this purchase can be found here. Insiders bought 105,688 shares of company stock valued at $1,834,338 over the last ninety days.

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.