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

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) declared a monthly dividend on Tuesday, February 11th,Wall Street Journal reports. Shareholders 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 raised its dividend by an average of 1.6% annually over the last three years.

Abrdn Global Infrastructure Income Fund Stock Down 0.4 %

Shares of ASGI stock opened at $17.77 on Thursday. Abrdn Global Infrastructure Income Fund has a one year low of $16.58 and a one year high of $20.35. The stock has a fifty day moving average price of $17.96 and a 200 day moving average price of $19.01.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 41,476 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $19.69, for a total value of $816,662.44. Following the completion of the sale, the insider now directly owns 2,885,153 shares in the company, valued at approximately $56,808,662.57. This trade represents a 1.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Thomas W. Hunersen acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, January 15th. The shares were bought at an average cost of $17.67 per share, for a total transaction of $88,350.00. Following the acquisition, the director now owns 6,000 shares in the company, valued at approximately $106,020. The trade was a 500.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 181,523 shares of company stock worth $3,580,177.

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.