Abrdn Global Infrastructure Income Fund (NYSE:ASGI) to Issue Monthly Dividend of $0.21

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Monday, November 11th,NASDAQ Dividends reports. Stockholders of record on Thursday, November 21st will be given a dividend of 0.21 per share on Friday, November 29th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 12.84%. The ex-dividend date of this dividend is Thursday, November 21st.

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

Abrdn Global Infrastructure Income Fund Stock Performance

ASGI opened at $19.62 on Tuesday. The business has a 50 day moving average price of $19.83 and a two-hundred day moving average price of $19.19. Abrdn Global Infrastructure Income Fund has a 1-year low of $16.58 and a 1-year high of $20.35.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 41,344 shares of the stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average cost of $19.32 per share, for a total transaction of $798,766.08. Following the acquisition, the insider now directly owns 2,957,749 shares in the company, valued at approximately $57,143,710.68. The trade was a 1.42 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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.