Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Increases Dividend to $0.11 Per Share

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) announced a monthly dividend on Tuesday, March 10th. Shareholders of record on Tuesday, March 24th will be given a dividend of 0.11 per share by the investment management company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 13.6%. The ex-dividend date is Tuesday, March 24th. This is a 10.0% increase from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.10.

Aberdeen Total Dynamic Dividend Fund Stock Performance

NYSE AOD traded up $0.01 during trading on Wednesday, hitting $9.72. 494,167 shares of the company’s stock traded hands, compared to its average volume of 628,674. The stock has a fifty day moving average of $10.11 and a two-hundred day moving average of $9.71. Aberdeen Total Dynamic Dividend Fund has a 12-month low of $6.99 and a 12-month high of $10.77.

Institutional Investors Weigh In On Aberdeen Total Dynamic Dividend Fund

Several institutional investors have recently bought and sold shares of AOD. Penserra Capital Management LLC lifted its position in Aberdeen Total Dynamic Dividend Fund by 5.0% in the third quarter. Penserra Capital Management LLC now owns 2,128,219 shares of the investment management company’s stock valued at $20,132,000 after purchasing an additional 101,304 shares during the last quarter. Guggenheim Capital LLC grew its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 30.1% in the fourth quarter. Guggenheim Capital LLC now owns 937,402 shares of the investment management company’s stock worth $9,140,000 after purchasing an additional 216,755 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Aberdeen Total Dynamic Dividend Fund by 19.6% in the fourth quarter. Advisors Asset Management Inc. now owns 660,362 shares of the investment management company’s stock worth $6,439,000 after buying an additional 108,060 shares during the period. Bank of America Corp DE raised its holdings in Aberdeen Total Dynamic Dividend Fund by 3.8% during the 3rd quarter. Bank of America Corp DE now owns 514,604 shares of the investment management company’s stock valued at $4,868,000 after buying an additional 19,040 shares during the last quarter. Finally, Raymond James Financial Inc. raised its holdings in Aberdeen Total Dynamic Dividend Fund by 18.1% during the 3rd quarter. Raymond James Financial Inc. now owns 510,655 shares of the investment management company’s stock valued at $4,831,000 after buying an additional 78,183 shares during the last quarter.

About Aberdeen Total Dynamic Dividend Fund

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is an actively managed exchange-traded fund that seeks to provide a high level of current income combined with the potential for capital appreciation. Structured as an open-end management investment company, AOD invests primarily in a diversified portfolio of dividend-paying common stocks across global markets. The fund pursues its objective by selecting companies that demonstrate the ability to sustain and grow their dividends over time.

The fund employs a dynamic weighting methodology designed to emphasize securities with favorable dividend growth prospects, dividend stability metrics and attractive valuation characteristics.