Abrdn World Healthcare Fund (NYSE:THW) Raises Dividend to $0.12 Per Share

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Monday, November 11th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.117 per share on Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.59%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

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

Abrdn World Healthcare Fund Price Performance

Shares of NYSE:THW traded down $0.19 during midday trading on Wednesday, reaching $12.11. The company’s stock had a trading volume of 159,103 shares, compared to its average volume of 111,860. Abrdn World Healthcare Fund has a 1 year low of $10.55 and a 1 year high of $13.48. The business has a 50 day moving average price of $12.94 and a 200 day moving average price of $12.99.

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.