Abrdn Global Infrastructure Income Fund (ASGI) To Go Ex-Dividend on February 21st

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Stockholders 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 dividend yield of 12.48%. The ex-dividend date of this dividend is Friday, February 21st.

Abrdn Global Infrastructure Income Fund has raised its dividend payment by an average of 1.6% annually over the last three years.

Abrdn Global Infrastructure Income Fund Price Performance

NYSE ASGI opened at $18.27 on Wednesday. The company has a fifty day simple moving average of $17.84 and a 200 day simple moving average of $18.99. Abrdn Global Infrastructure Income Fund has a 12-month low of $16.58 and a 12-month high of $20.35.

Insider Activity

In other news, Director Thomas W. Hunersen acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The stock was purchased at an average price of $17.67 per share, for a total transaction of $88,350.00. Following the purchase, the director now owns 6,000 shares in the company, valued at approximately $106,020. This represents a 500.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Saba Capital Management, L.P. sold 8,522 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $19.65, for a total value of $167,457.30. Following the completion of the transaction, the insider now owns 2,816,909 shares in the company, valued at $55,352,261.85. The trade was a 0.30 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 140,047 shares of company stock worth $2,763,514 over the last three months.

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.