Abrdn World Healthcare Fund (NYSE:THW) to Issue Monthly Dividend of $0.12

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Wednesday, March 12th, Wall Street Journal reports. Stockholders of record on Tuesday, March 25th will be paid a dividend of 0.1167 per share on Monday, March 31st. This represents a $1.40 annualized dividend and a dividend yield of 11.99%. The ex-dividend date of this dividend is Tuesday, March 25th.

Abrdn World Healthcare Fund has increased its dividend payment by an average of 104.4% per year over the last three years.

Abrdn World Healthcare Fund Stock Performance

THW traded down $0.01 on Wednesday, reaching $11.68. The company’s stock had a trading volume of 63,162 shares, compared to its average volume of 191,362. Abrdn World Healthcare Fund has a fifty-two week low of $10.91 and a fifty-two week high of $13.48. The stock has a 50 day moving average of $11.79 and a two-hundred day moving average of $12.23.

About Abrdn World Healthcare Fund

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.