Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Declares $0.20 — Dividend

by · The Cerbat Gem

Abrdn Global Infrastructure Income Fund (NYSE:ASGI – Get Free Report) announced a — dividend on Tuesday, December 10th,Wall Street Journal reports. Investors of record on Monday, December 30th will be given a dividend of 0.20 per share on Friday, January 10th. This represents a yield of 13.2%. The ex-dividend date of this dividend is Monday, December 30th.

Abrdn Global Infrastructure Income Fund has raised its dividend payment by an average of 64.3% per year over the last three years.

Abrdn Global Infrastructure Income Fund Trading Down 1.6 %

ASGI stock traded down $0.32 during midday trading on Wednesday, reaching $19.01. 213,659 shares of the company’s stock traded hands, compared to its average volume of 108,070. The company has a 50-day simple moving average of $19.75 and a two-hundred day simple moving average of $19.30. Abrdn Global Infrastructure Income Fund has a 1-year low of $16.58 and a 1-year high of $20.35.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 16,188 shares of Abrdn Global Infrastructure Income Fund stock in a transaction on Friday, December 6th. The stock was sold at an average price of $19.78, for a total transaction of $320,198.64. Following the completion of the sale, the insider now directly owns 2,660,787 shares of the company’s stock, valued at $52,630,366.86. The trade was a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 183,872 shares of company stock valued at $3,626,382.

About Abrdn Global Infrastructure Income Fund

(Get Free Report)

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.

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