abrdn Global Income Fund (NYSEAMERICAN:FCO) Trading Up 0.9% – Still a Buy?

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO)’s share price shot up 0.9% during trading on Wednesday . The stock traded as high as $5.93 and last traded at $5.90. 38,487 shares were traded during trading, a decline of 47% from the average session volume of 72,459 shares. The stock had previously closed at $5.85.

abrdn Global Income Fund Stock Up 0.9 %

abrdn Global Income Fund Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 10th. Stockholders of record on Monday, December 30th will be paid a $0.07 dividend. The ex-dividend date is Monday, December 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 14.24%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in abrdn Global Income Fund stock. Centaurus Financial Inc. purchased a new stake in shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 12,904 shares of the company’s stock, valued at approximately $75,000. Centaurus Financial Inc. owned about 0.10% of abrdn Global Income Fund as of its most recent SEC filing. Institutional investors and hedge funds own 10.79% of the company’s stock.

About abrdn Global Income Fund

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.