abrdn Healthcare Investors Declares Quarterly Dividend of $0.38 (NYSE:HQH)

abrdn Healthcare Investors (NYSE:HQH) declared a quarterly dividend on Thursday, November 9th, Zacks reports. Stockholders of record on Wednesday, November 22nd will be given a dividend of 0.38 per share by the financial services provider on Wednesday, January 10th. This represents a $1.52 annualized dividend and a dividend yield of 9.94%. The ex-dividend date of this dividend is Tuesday, November 21st.

abrdn Healthcare Investors has decreased its dividend by an average of 0.2% annually over the last three years.

abrdn Healthcare Investors Trading Up 1.4 %

Shares of HQH opened at $15.29 on Monday. The stock has a 50 day moving average price of $15.37 and a 200 day moving average price of $16.47. abrdn Healthcare Investors has a one year low of $14.31 and a one year high of $19.60.

Insider Transactions at abrdn Healthcare Investors

In other abrdn Healthcare Investors news, President Daniel R. Omstead purchased 9,500 shares of the stock in a transaction that occurred on Monday, September 25th. The shares were purchased at an average cost of $15.63 per share, for a total transaction of $148,485.00. Following the completion of the transaction, the president now owns 178,269 shares of the company’s stock, valued at approximately $2,786,344.47. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 7.30% of the company’s stock.

Hedge Funds Weigh In On abrdn Healthcare Investors

A number of institutional investors have recently added to or reduced their stakes in HQH. Envestnet Asset Management Inc. acquired a new stake in shares of abrdn Healthcare Investors in the 3rd quarter worth $306,000. Prevail Innovative Wealth Advisors LLC acquired a new stake in shares of abrdn Healthcare Investors during the 2nd quarter worth approximately $277,000. Laurel Wealth Advisors Inc. grew its holdings in shares of abrdn Healthcare Investors by 4.8% during the 4th quarter. Laurel Wealth Advisors Inc. now owns 14,899 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 685 shares during the period. Steward Partners Investment Advisory LLC increased its position in shares of abrdn Healthcare Investors by 141.6% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 13,084 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 7,669 shares during the last quarter. Finally, Jane Street Group LLC purchased a new stake in abrdn Healthcare Investors in the 3rd quarter valued at about $208,000. Hedge funds and other institutional investors own 18.55% of the company’s stock.

About abrdn Healthcare Investors

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.