Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) announced a monthly dividend on Friday, January 11th, Wall Street Journal reports. Stockholders of record on Wednesday, January 23rd will be given a dividend of 0.0575 per share by the investment management company on Thursday, January 31st. This represents a $0.69 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Tuesday, January 22nd.
Aberdeen Total Dynamic Dividend Fund has decreased its dividend by an average of 2.7% per year over the last three years.
Shares of AOD traded up $0.01 on Friday, reaching $7.79. 1,309,240 shares of the stock traded hands, compared to its average volume of 717,155. Aberdeen Total Dynamic Dividend Fund has a 12 month low of $6.98 and a 12 month high of $10.03.
Alpine Total Dynamic Dividend Fund is a closed-ended equity mutual fund launched and managed by Alpine Woods Capital Investors, LLC. The fund invests in the public equity markets across the globe. It seeks to invest in stocks of companies across diversified sectors. The fund invests in growth and value stocks of companies across all market capitalizations.
Further Reading: How to Invest in an Index Fund
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