abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) to Issue Monthly Dividend of $0.07

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) announced a monthly dividend on Tuesday, April 9th, Wall Street Journal reports. Investors of record on Tuesday, April 23rd will be given a dividend of 0.07 per share on Tuesday, April 30th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 15.25%. The ex-dividend date of this dividend is Monday, April 22nd.

abrdn Global Income Fund Stock Performance

Shares of NYSEAMERICAN FCO opened at $5.51 on Friday. abrdn Global Income Fund has a 1-year low of $4.73 and a 1-year high of $6.63.

Institutional Investors Weigh In On abrdn Global Income Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FCO. UBS Group AG lifted its stake in shares of abrdn Global Income Fund by 48.9% during the 1st quarter. UBS Group AG now owns 6,391 shares of the company’s stock valued at $32,000 after buying an additional 2,098 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of abrdn Global Income Fund during the 2nd quarter valued at approximately $56,000. Virtu Financial LLC purchased a new stake in abrdn Global Income Fund in the 4th quarter worth approximately $68,000. Moors & Cabot Inc. purchased a new stake in abrdn Global Income Fund in the 1st quarter worth approximately $64,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new stake in abrdn Global Income Fund in the 1st quarter worth approximately $63,000. 10.79% of the stock is currently owned by institutional investors.

abrdn Global Income Fund Company Profile

Abrdn 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.