Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Plans $0.20 Monthly Dividend

Posted by Cindy Kellogue on Jan 13th, 2025

Abrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) announced a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Friday, January 24th will be given a dividend of 0.20 per share on Friday, January 31st. This represents a $2.40 dividend on an annualized basis and a yield of 13.90%. The ex-dividend date of this dividend is Friday, January 24th.

Abrdn Global Infrastructure Income Fund has increased its dividend payment by an average of 20.1% per year over the last three years.

Abrdn Global Infrastructure Income Fund Trading Down 0.2 %

Shares of NYSE ASGI traded down $0.04 during trading on Monday, reaching $17.27. The company had a trading volume of 302,021 shares, compared to its average volume of 366,789. Abrdn Global Infrastructure Income Fund has a 12 month low of $16.58 and a 12 month high of $20.35. The company’s fifty day moving average price is $18.75 and its 200-day moving average price is $19.17.

Insider Buying and Selling at Abrdn Global Infrastructure Income Fund

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. sold 16,188 shares of the company’s stock in a transaction on Friday, December 6th. The shares were sold at an average price of $19.78, for a total transaction of $320,198.64. Following the sale, the insider now owns 2,660,787 shares of the company’s stock, valued at approximately $52,630,366.86. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders sold 183,872 shares of company stock valued at $3,626,382.

About Abrdn Global Infrastructure Income Fund

(Get Free Report)

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.