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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) 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 annualized dividend and a yield of 13.79%. The ex-dividend date of this dividend is Friday, January 24th.

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

Abrdn Global Infrastructure Income Fund Trading Up 0.5 %

NYSE:ASGI opened at $17.41 on Wednesday. The stock has a fifty day simple moving average of $18.70 and a 200 day simple moving average of $19.16. Abrdn Global Infrastructure Income Fund has a 1-year low of $16.58 and a 1-year high of $20.35.

Insider Activity

In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. sold 2,349 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $19.67, for a total value of $46,204.83. Following the transaction, the insider now directly owns 2,955,400 shares of the company’s stock, valued at $58,132,718. This represents a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last quarter, insiders have sold 183,872 shares of company stock worth $3,626,382.

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.