Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Declares Monthly Dividend of $0.19

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Wednesday, February 12th,Wall Street Journal reports. Investors of record on Friday, February 21st will be given a dividend of 0.19 per share on Friday, February 28th. This represents a $2.28 annualized dividend and a yield of 12.83%. The ex-dividend date is Friday, February 21st.

Abrdn Global Infrastructure Income Fund has increased its dividend by an average of 1.6% per year over the last three years.

Abrdn Global Infrastructure Income Fund Stock Performance

Shares of ASGI stock traded down $0.08 during trading on Wednesday, reaching $17.77. The company’s stock had a trading volume of 193,395 shares, compared to its average volume of 224,589. The business has a fifty day moving average price of $18.00 and a 200-day moving average price of $19.02. Abrdn Global Infrastructure Income Fund has a one year low of $16.58 and a one year high of $20.35.

Insider Buying and Selling at Abrdn Global Infrastructure Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 25,916 shares of Abrdn Global Infrastructure Income Fund stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $19.61, for a total transaction of $508,212.76. Following the completion of the sale, the insider now owns 2,830,760 shares of the company’s stock, valued at approximately $55,511,203.60. This trade represents a 0.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas W. Hunersen bought 5,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were acquired at an average cost of $17.67 per share, for a total transaction of $88,350.00. Following the completion of the acquisition, the director now directly owns 6,000 shares of the company’s stock, valued at approximately $106,020. This trade represents a 500.00 % increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 181,523 shares of company stock worth $3,580,177 over the last quarter.

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.