abrdn Healthcare Investors (NYSE:HQH) to Issue $0.61 Quarterly Dividend

abrdn Healthcare Investors (NYSE:HQH) declared a quarterly dividend on Monday, May 11th. Investors of record on Thursday, May 21st will be paid a dividend of 0.61 per share by the financial services provider on Saturday, May 30th. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date of this dividend is Thursday, May 21st.

abrdn Healthcare Investors Stock Performance

Shares of NYSE:HQH opened at $20.05 on Tuesday. abrdn Healthcare Investors has a 1 year low of $15.09 and a 1 year high of $20.46. The stock’s 50-day moving average is $18.83 and its 200 day moving average is $19.01.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HQH. Royal Bank of Canada increased its holdings in abrdn Healthcare Investors by 22.0% during the 1st quarter. Royal Bank of Canada now owns 529,826 shares of the financial services provider’s stock valued at $8,604,000 after purchasing an additional 95,441 shares during the period. Integrated Wealth Concepts LLC purchased a new position in abrdn Healthcare Investors during the 1st quarter valued at about $166,000. NewEdge Advisors LLC increased its holdings in abrdn Healthcare Investors by 3.0% during the 1st quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider’s stock valued at $702,000 after purchasing an additional 1,274 shares during the period. Goldman Sachs Group Inc. grew its holdings in shares of abrdn Healthcare Investors by 7.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider’s stock worth $191,000 after acquiring an additional 788 shares during the period. Finally, Invesco Ltd. grew its holdings in shares of abrdn Healthcare Investors by 59.8% during the 2nd quarter. Invesco Ltd. now owns 74,168 shares of the financial services provider’s stock worth $1,149,000 after acquiring an additional 27,768 shares during the period. Hedge funds and other institutional investors own 32.60% of the company’s stock.

About abrdn Healthcare Investors

abrdn Healthcare Investors (NYSE:HQH) is a closed-end management investment company that seeks long-term capital appreciation and current income by investing primarily in equity securities of companies operating in the healthcare sector. The fund’s portfolio generally comprises a diversified mix of domestic and international healthcare issuers, spanning pharmaceuticals, biotechnology, medical devices, healthcare services, and related industries.

The fund employs a fundamental, research-driven approach to select investments, focusing on companies with strong balance sheets, innovative product pipelines and the potential for sustainable revenue growth.