Abrdn Global Infrastructure Income Fund Announces Monthly Dividend of $0.20 (NYSE:ASGI)

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Monday, January 13th,Wall Street Journal reports. Investors of record on Friday, January 24th will be given 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 13.90%. The ex-dividend date is Friday, January 24th.

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

Abrdn Global Infrastructure Income Fund Stock Down 0.2 %

ASGI opened at $17.27 on Tuesday. The business has a 50 day moving average price of $18.75 and a two-hundred day moving average price of $19.17. Abrdn Global Infrastructure Income Fund has a 52 week low of $16.58 and a 52 week high of $20.35.

Insider Transactions at Abrdn Global Infrastructure Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $19.69, for a total transaction of $816,662.44. Following the completion of the transaction, the insider now directly owns 2,885,153 shares of the company’s stock, valued at approximately $56,808,662.57. This represents a 1.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders sold 183,872 shares of company stock worth $3,626,382 over the last 90 days.

About Abrdn Global Infrastructure Income Fund

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.