Abrdn Global Infrastructure Income Fund Announces Monthly Dividend of $0.15 (NYSE:ASGI)

Abrdn Global Infrastructure Income Fund (NYSE:ASGIGet Free Report) declared a monthly dividend on Tuesday, April 9th, Zacks reports. Stockholders of record on Tuesday, April 23rd will be given a dividend of 0.15 per share on Tuesday, April 30th. This represents a $1.80 annualized dividend and a dividend yield of 10.64%. The ex-dividend date is Monday, April 22nd.

Abrdn Global Infrastructure Income Fund has raised its dividend by an average of 64.3% per year over the last three years and has increased its dividend every year for the last 1 years.

Abrdn Global Infrastructure Income Fund Stock Up 1.1 %

Shares of ASGI opened at $16.92 on Friday. The company has a 50-day simple moving average of $17.38 and a 200-day simple moving average of $17.11. Abrdn Global Infrastructure Income Fund has a 52 week low of $14.96 and a 52 week high of $18.55.

Insider Transactions at Abrdn Global Infrastructure Income Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 36,975 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The shares were acquired at an average cost of $17.75 per share, with a total value of $656,306.25. Following the completion of the purchase, the insider now directly owns 2,597,659 shares of the company’s stock, valued at $46,108,447.25. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Alan R. Goodson acquired 3,881 shares of the company’s stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average cost of $16.83 per share, for a total transaction of $65,317.23. Following the completion of the acquisition, the director now directly owns 3,881 shares in the company, valued at approximately $65,317.23. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Saba Capital Management, L.P. purchased 36,975 shares of the stock in a transaction on Tuesday, March 19th. The stock was acquired at an average price of $17.75 per share, for a total transaction of $656,306.25. Following the completion of the purchase, the insider now directly owns 2,597,659 shares in the company, valued at approximately $46,108,447.25. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 118,138 shares of company stock valued at $2,071,454.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ASGI. Advisory Services Network LLC bought a new stake in shares of Abrdn Global Infrastructure Income Fund during the 1st quarter worth approximately $48,000. JPMorgan Chase & Co. bought a new position in shares of Abrdn Global Infrastructure Income Fund during the first quarter valued at $116,000. Guggenheim Capital LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund during the first quarter valued at $182,000. Kestra Advisory Services LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund during the second quarter valued at $201,000. Finally, International Assets Investment Management LLC bought a new position in shares of Abrdn Global Infrastructure Income Fund during the fourth quarter valued at $211,000.

About Abrdn Global Infrastructure Income Fund

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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.

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Dividend History for Abrdn Global Infrastructure Income Fund (NYSE:ASGI)

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