Abrdn Global Infrastructure Income Fund (ASGI) To Go Ex-Dividend on January 24th

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Monday, January 13th,Wall Street Journal reports. Stockholders of record on Friday, January 24th will be paid a dividend of 0.20 per share on Friday, January 31st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 13.79%. The ex-dividend date is Friday, January 24th.

Abrdn Global Infrastructure Income Fund has raised its dividend by an average of 20.1% annually over the last three years.

Abrdn Global Infrastructure Income Fund Stock Up 0.5 %

NYSE:ASGI opened at $17.41 on Wednesday. Abrdn Global Infrastructure Income Fund has a fifty-two week low of $16.58 and a fifty-two week high of $20.35. The firm’s fifty day simple moving average is $18.70 and its 200-day simple moving average is $19.16.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $19.69, for a total value of $816,662.44. Following the completion of the transaction, the insider now owns 2,885,153 shares of the company’s stock, valued at approximately $56,808,662.57. The trade was a 1.42 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 183,872 shares of company stock worth $3,626,382 in the last ninety days.

Abrdn Global Infrastructure Income Fund Company Profile

Aberdeen Standard Global Infrastructure Income Fund seeks to provide a high level of total return with an emphasis on current income by investing in assets that provide necessary services to society.

The Fund seeks to achieve its investment objective by investing in a portfolio of income-producing public and private
infrastructure equity investments from around the world.