Tekla World Healthcare Fund (NYSE:THW) announced a monthly dividend on Tuesday, October 8th, Zacks reports. Shareholders of record on Friday, October 18th will be paid a dividend of 0.117 per share on Thursday, October 31st. This represents a $1.40 dividend on an annualized basis and a yield of 10.69%. The ex-dividend date is Thursday, October 17th.
Tekla World Healthcare Fund has increased its dividend by an average of 44.2% annually over the last three years.
NYSE:THW remained flat at $$13.14 during trading hours on Wednesday. The company’s stock had a trading volume of 8,344 shares, compared to its average volume of 120,158. The business has a 50 day simple moving average of $13.31 and a 200-day simple moving average of $12.90. Tekla World Healthcare Fund has a 52-week low of $10.80 and a 52-week high of $13.83.
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.
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