Abrdn Global Infrastructure Income Fund (NYSE:ASGI) to Issue Monthly Dividend of $0.21

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Monday, November 11th,NASDAQ Dividends reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.21 per share on Friday, November 29th. This represents a $2.52 annualized dividend and a dividend yield of 13.14%. The ex-dividend date of this dividend is Thursday, November 21st.

Abrdn Global Infrastructure Income Fund has raised its dividend by an average of 64.3% annually over the last three years.

Abrdn Global Infrastructure Income Fund Stock Down 1.2 %

NYSE:ASGI opened at $19.18 on Wednesday. Abrdn Global Infrastructure Income Fund has a 1 year low of $16.20 and a 1 year high of $20.35. The stock has a 50-day simple moving average of $19.87 and a 200-day simple moving average of $19.13.

Insider Activity at Abrdn Global Infrastructure Income Fund

In other news, major shareholder Saba Capital Management, L.P. bought 41,344 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The stock was purchased at an average cost of $19.32 per share, with a total value of $798,766.08. Following the transaction, the insider now directly owns 2,957,749 shares in the company, valued at $57,143,710.68. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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.