Abrdn World Healthcare Fund Plans Monthly Dividend of $0.12 (NYSE:THW)

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Thursday, September 12th, Wall Street Journal reports. Shareholders of record on Monday, September 23rd will be paid a dividend of 0.1167 per share on Monday, September 30th. This represents a $1.40 dividend on an annualized basis and a yield of 10.58%. The ex-dividend date is Monday, September 23rd.

Abrdn World Healthcare Fund has increased its dividend by an average of 1,307.9% per year over the last three years.

Abrdn World Healthcare Fund Stock Performance

Shares of THW stock traded up $0.07 during mid-day trading on Thursday, hitting $13.24. The company’s stock had a trading volume of 47,324 shares, compared to its average volume of 108,700. The company’s fifty day simple moving average is $13.10 and its 200-day simple moving average is $12.94. Abrdn World Healthcare Fund has a 52 week low of $9.76 and a 52 week high of $13.36.

Abrdn World Healthcare Fund Company Profile

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.