Abrdn Global Infrastructure Income Fund (NYSE:ASGI) Raises Dividend to $0.23 Per Share

Abrdn Global Infrastructure Income Fund (NYSE:ASGI) announced a monthly dividend on Tuesday, March 10th. Shareholders of record on Tuesday, March 24th will be paid a dividend of 0.23 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 11.9%. The ex-dividend date is Tuesday, March 24th. This is a 4.5% increase from Abrdn Global Infrastructure Income Fund’s previous monthly dividend of $0.22.

Abrdn Global Infrastructure Income Fund Price Performance

ASGI stock traded up $0.04 during midday trading on Wednesday, hitting $23.14. 140,556 shares of the company’s stock were exchanged, compared to its average volume of 271,237. The firm has a 50 day moving average price of $23.24 and a 200-day moving average price of $21.93. Abrdn Global Infrastructure Income Fund has a 12-month low of $16.65 and a 12-month high of $25.95.

Institutional Trading of Abrdn Global Infrastructure Income Fund

Several institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC boosted its stake in Abrdn Global Infrastructure Income Fund by 39.9% during the 1st quarter. Jane Street Group LLC now owns 14,204 shares of the company’s stock valued at $261,000 after acquiring an additional 4,049 shares during the last quarter. Geneos Wealth Management Inc. increased its position in shares of Abrdn Global Infrastructure Income Fund by 147.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,152 shares of the company’s stock worth $40,000 after purchasing an additional 1,284 shares during the last quarter. Allworth Financial LP acquired a new stake in shares of Abrdn Global Infrastructure Income Fund in the 2nd quarter valued at about $31,000. WealthShield Partners LLC lifted its position in shares of Abrdn Global Infrastructure Income Fund by 2.2% during the second quarter. WealthShield Partners LLC now owns 42,824 shares of the company’s stock worth $873,000 after purchasing an additional 906 shares during the last quarter. Finally, Cetera Investment Advisers lifted its position in shares of Abrdn Global Infrastructure Income Fund by 5.6% during the second quarter. Cetera Investment Advisers now owns 25,323 shares of the company’s stock worth $516,000 after purchasing an additional 1,332 shares during the last quarter.

About Abrdn Global Infrastructure Income Fund

Abrdn Global Infrastructure Income Fund (NYSE: ASGI) is a closed-end management investment company that seeks to deliver both current income and potential capital appreciation by investing in a diversified portfolio of global infrastructure securities. The fund provides investors with exposure to companies and projects that operate essential infrastructure assets such as utilities, energy networks, transportation systems, and communications facilities. Shares of ASGI trade on the New York Stock Exchange, offering market-based liquidity for investors seeking infrastructure income strategies.

The fund’s investment approach combines equity and debt instruments issued by infrastructure issuers in developed and select emerging markets.