Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Plans $0.21 Monthly Dividend

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Wednesday, October 9th, NASDAQ reports. Stockholders of record on Thursday, October 24th will be paid a dividend of 0.21 per share on Thursday, October 31st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.45%. The ex-dividend date of this dividend is Thursday, October 24th.

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

Abrdn Global Infrastructure Income Fund Price Performance

Shares of NYSE:ASGI opened at $20.24 on Wednesday. Abrdn Global Infrastructure Income Fund has a 12-month low of $14.96 and a 12-month high of $20.35. The business has a 50 day moving average of $19.77 and a two-hundred day moving average of $18.86.

Insider Activity at Abrdn Global Infrastructure Income Fund

In related news, major shareholder Saba Capital Management, L.P. purchased 41,344 shares of the business’s stock in a transaction that occurred on Tuesday, September 24th. The stock was bought at an average price of $19.32 per share, with a total value of $798,766.08. Following the acquisition, the insider now owns 2,957,749 shares in the company, valued at $57,143,710.68. The trade was a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

About Abrdn Global Infrastructure Income Fund

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.