Abrdn Global Dynamic Dividend Fund (NYSE:AGD) Announces Monthly Dividend of $0.07

Abrdn Global Dynamic Dividend Fund (NYSE:AGD) declared a monthly dividend on Monday, March 11th, Zacks reports. Investors of record on Thursday, March 21st will be given a dividend of 0.065 per share on Thursday, March 28th. This represents a $0.78 dividend on an annualized basis and a yield of 8.12%. The ex-dividend date of this dividend is Wednesday, March 20th.

Abrdn Global Dynamic Dividend Fund Price Performance

Shares of AGD opened at $9.61 on Tuesday. Abrdn Global Dynamic Dividend Fund has a twelve month low of $8.20 and a twelve month high of $9.78. The firm has a 50 day moving average of $9.38 and a 200 day moving average of $9.10.

Institutional Trading of Abrdn Global Dynamic Dividend Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC lifted its holdings in Abrdn Global Dynamic Dividend Fund by 14.8% during the first quarter. NewEdge Advisors LLC now owns 30,220 shares of the company’s stock valued at $338,000 after purchasing an additional 3,900 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Abrdn Global Dynamic Dividend Fund by 8.4% in the first quarter. Royal Bank of Canada now owns 45,650 shares of the company’s stock worth $511,000 after acquiring an additional 3,526 shares during the period. Advisors Asset Management Inc. grew its position in shares of Abrdn Global Dynamic Dividend Fund by 22.3% during the first quarter. Advisors Asset Management Inc. now owns 634,758 shares of the company’s stock worth $7,109,000 after purchasing an additional 115,786 shares in the last quarter. UBS Group AG grew its stake in Abrdn Global Dynamic Dividend Fund by 6.3% during the second quarter. UBS Group AG now owns 141,713 shares of the company’s stock valued at $1,328,000 after acquiring an additional 8,424 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its stake in Abrdn Global Dynamic Dividend Fund by 21.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 48,856 shares of the company’s stock worth $412,000 after purchasing an additional 8,578 shares in the last quarter.

Abrdn Global Dynamic Dividend Fund Company Profile

Abrdn Global Dynamic Dividend Fund is a closed ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. It invests in the public equity markets across the globe. The fund invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of companies across all market capitalizations.