Abrdn Global Infrastructure Income Fund (ASGI) To Go Ex-Dividend on April 22nd

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Tuesday, April 9th, Zacks reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.15 per share on Tuesday, April 30th. This represents a $1.80 dividend on an annualized basis and a yield of 10.64%. The ex-dividend date of this dividend is Monday, April 22nd.

Abrdn Global Infrastructure Income Fund has raised its dividend by an average of 64.3% per year over the last three years and has raised its dividend annually for the last 1 consecutive years.

Abrdn Global Infrastructure Income Fund Trading Up 1.1 %

Shares of NYSE ASGI opened at $16.92 on Friday. The company’s 50-day simple moving average is $17.38 and its 200-day simple moving average is $17.10. Abrdn Global Infrastructure Income Fund has a 52-week low of $14.96 and a 52-week high of $18.55.

Insider Activity at Abrdn Global Infrastructure Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 36,975 shares of the business’s stock in a transaction on Tuesday, March 19th. The stock was bought at an average cost of $17.75 per share, for a total transaction of $656,306.25. Following the purchase, the insider now owns 2,597,659 shares in the company, valued at $46,108,447.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Abrdn Global Infrastructure Income Fund news, major shareholder Saba Capital Management, L.P. bought 36,975 shares of Abrdn Global Infrastructure Income Fund stock in a transaction dated Tuesday, March 19th. The stock was acquired at an average cost of $17.75 per share, for a total transaction of $656,306.25. Following the completion of the transaction, the insider now directly owns 2,597,659 shares of the company’s stock, valued at $46,108,447.25. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Alan R. Goodson purchased 3,881 shares of the stock in a transaction that occurred on Thursday, April 18th. The shares were acquired at an average price of $16.83 per share, for a total transaction of $65,317.23. Following the completion of the transaction, the director now directly owns 3,881 shares of the company’s stock, valued at approximately $65,317.23. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 118,138 shares of company stock valued at $2,071,454.

Hedge Funds Weigh In On Abrdn Global Infrastructure Income Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Pathstone Holdings LLC acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the 4th quarter worth $12,035,000. UBS Group AG raised its stake in Abrdn Global Infrastructure Income Fund by 89.1% during the first quarter. UBS Group AG now owns 881,592 shares of the company’s stock worth $15,833,000 after purchasing an additional 415,364 shares during the period. Stifel Financial Corp boosted its holdings in Abrdn Global Infrastructure Income Fund by 2,045.5% in the 1st quarter. Stifel Financial Corp now owns 381,922 shares of the company’s stock valued at $6,859,000 after purchasing an additional 364,121 shares during the last quarter. Bank of America Corp DE grew its stake in shares of Abrdn Global Infrastructure Income Fund by 9,883.4% in the 1st quarter. Bank of America Corp DE now owns 254,577 shares of the company’s stock valued at $4,572,000 after buying an additional 252,027 shares during the period. Finally, Equitable Holdings Inc. acquired a new stake in shares of Abrdn Global Infrastructure Income Fund during the 1st quarter worth approximately $3,521,000.

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.