Aberdeen Global Income Fund, Inc. (NYSEAMERICAN:FCO) declared a monthly dividend on Wednesday, July 14th, Wall Street Journal reports. Stockholders of record on Friday, July 23rd will be paid a dividend of 0.07 per share on Friday, July 30th. This represents a $0.84 annualized dividend and a dividend yield of 9.27%. The ex-dividend date is Thursday, July 22nd.
Shares of Aberdeen Global Income Fund stock opened at $9.06 on Wednesday. The firm’s 50-day moving average price is $7.55. Aberdeen Global Income Fund has a 12 month low of $6.15 and a 12 month high of $9.33.
A hedge fund recently raised its stake in Aberdeen Global Income Fund stock. Morgan Stanley grew its position in shares of Aberdeen Global Income Fund, Inc. (NYSEAMERICAN:FCO) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 62,813 shares of the company’s stock after purchasing an additional 1,161 shares during the quarter. Morgan Stanley owned approximately 0.72% of Aberdeen Global Income Fund worth $523,000 as of its most recent SEC filing. Institutional investors and hedge funds own 7.75% of the company’s stock.
Aberdeen Global Income Fund, Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.
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