Abrdn World Healthcare Fund (NYSE:THW) to Issue Dividend Increase – $0.12 Per Share

Abrdn World Healthcare Fund (NYSE:THW) declared a monthly dividend on Monday, November 11th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.117 per share on Friday, November 29th. This represents a $1.40 annualized dividend and a dividend yield of 11.57%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

Abrdn World Healthcare Fund has raised its dividend by an average of 1,307.9% per year over the last three years.

Abrdn World Healthcare Fund Stock Down 1.4 %

NYSE:THW traded down $0.17 on Wednesday, reaching $12.13. 164,019 shares of the stock traded hands, compared to its average volume of 111,882. Abrdn World Healthcare Fund has a 12 month low of $10.55 and a 12 month high of $13.48. The company’s fifty day simple moving average is $12.94 and its 200 day simple moving average is $12.99.

About Abrdn World Healthcare Fund

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.