Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) to Issue Monthly Dividend of $0.06

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) declared a monthly dividend on Thursday, November 9th, Zacks reports. Shareholders of record on Wednesday, November 22nd will be given a dividend of 0.058 per share by the investment management company on Thursday, November 30th. This represents a $0.70 annualized dividend and a yield of 9.02%. The ex-dividend date is Tuesday, November 21st. This is an increase from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.06.

Aberdeen Total Dynamic Dividend Fund Price Performance

NYSE:AOD opened at $7.72 on Monday. The business’s fifty day moving average price is $7.51 and its 200 day moving average price is $7.91. Aberdeen Total Dynamic Dividend Fund has a 1-year low of $7.01 and a 1-year high of $8.55.

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

Several institutional investors have recently made changes to their positions in AOD. Raymond James Financial Services Advisors Inc. raised its position in Aberdeen Total Dynamic Dividend Fund by 6.6% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 200,312 shares of the investment management company’s stock valued at $1,925,000 after acquiring an additional 12,387 shares in the last quarter. Cetera Advisor Networks LLC lifted its stake in shares of Aberdeen Total Dynamic Dividend Fund by 4.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 30,535 shares of the investment management company’s stock valued at $293,000 after purchasing an additional 1,323 shares during the last quarter. Cetera Investment Advisers raised its holdings in Aberdeen Total Dynamic Dividend Fund by 4.8% during the first quarter. Cetera Investment Advisers now owns 31,458 shares of the investment management company’s stock valued at $302,000 after buying an additional 1,444 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 3.1% in the 1st quarter. Baird Financial Group Inc. now owns 50,596 shares of the investment management company’s stock valued at $486,000 after acquiring an additional 1,518 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its holdings in Aberdeen Total Dynamic Dividend Fund by 45.7% in the 1st quarter. NewEdge Advisors LLC now owns 58,220 shares of the investment management company’s stock worth $559,000 after purchasing an additional 18,273 shares during the last quarter.