Tekla World Healthcare Fund (NYSE:THW) Declares $0.12 Monthly Dividend

Tekla World Healthcare Fund (NYSE:THW) declared a monthly dividend on Tuesday, January 11th, Wall Street Journal reports. Stockholders of record on Thursday, January 20th will be paid a dividend of 0.1167 per share on Monday, January 31st. This represents a $1.40 annualized dividend and a dividend yield of 8.75%. The ex-dividend date is Wednesday, January 19th.

Shares of THW traded up $0.02 during trading hours on Wednesday, hitting $16.01. The stock had a trading volume of 71 shares, compared to its average volume of 141,106. Tekla World Healthcare Fund has a 1-year low of $14.29 and a 1-year high of $17.92. The firm has a 50 day simple moving average of $16.25 and a 200-day simple moving average of $16.57.

An institutional investor recently raised its position in Tekla World Healthcare Fund stock. Morgan Stanley lifted its position in shares of Tekla World Healthcare Fund (NYSE:THW) by 11.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 898,639 shares of the company’s stock after purchasing an additional 91,774 shares during the quarter. Morgan Stanley’s holdings in Tekla World Healthcare Fund were worth $14,774,000 at the end of the most recent reporting period.

About Tekla World Healthcare Fund

Tekla World Healthcare Fund is a closed-end management investment company, which engages in investing in the healthcare industry. Its objective is to seek current income and long-term capital appreciation through investment companies engaged in the healthcare industry, including equity securities and debt securities.

See Also: What is the Stochastic Momentum Index (SMI)?

Dividend History for Tekla World Healthcare Fund (NYSE:THW)

Receive News & Ratings for Tekla World Healthcare Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tekla World Healthcare Fund and related companies with MarketBeat.com's FREE daily email newsletter.