Abrdn World Healthcare Fund (NYSE:THW) Increases Dividend to $0.12 Per Share

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Thursday, November 9th, Zacks reports. Stockholders of record on Wednesday, November 22nd will be paid a dividend of 0.117 per share on Thursday, November 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 12.87%. The ex-dividend date of this dividend is Tuesday, November 21st. This is an increase from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

Abrdn World Healthcare Fund Stock Performance

Abrdn World Healthcare Fund stock opened at $10.91 on Monday. The business has a 50 day simple moving average of $11.38 and a 200-day simple moving average of $12.98. Abrdn World Healthcare Fund has a 12 month low of $9.76 and a 12 month high of $15.84.

Institutional Trading of Abrdn World Healthcare Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its position in Abrdn World Healthcare Fund by 1.6% during the 4th quarter. Bank of America Corp DE now owns 56,323 shares of the company’s stock worth $825,000 after purchasing an additional 896 shares during the period. Private Advisor Group LLC lifted its holdings in Abrdn World Healthcare Fund by 7.9% in the first quarter. Private Advisor Group LLC now owns 13,191 shares of the company’s stock valued at $201,000 after acquiring an additional 962 shares during the period. Centaurus Financial Inc. lifted its stake in shares of Abrdn World Healthcare Fund by 1.1% in the first quarter. Centaurus Financial Inc. now owns 133,149 shares of the company’s stock valued at $2,028,000 after purchasing an additional 1,384 shares during the period. Cetera Investment Advisers boosted its holdings in Abrdn World Healthcare Fund by 5.8% during the first quarter. Cetera Investment Advisers now owns 29,663 shares of the company’s stock worth $452,000 after buying an additional 1,628 shares in the last quarter. Finally, Royal Bank of Canada boosted its holdings in Abrdn World Healthcare Fund by 0.3% during the first quarter. Royal Bank of Canada now owns 636,571 shares of the company’s stock worth $9,695,000 after buying an additional 1,630 shares in the last quarter.

About Abrdn World Healthcare Fund

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.