Abrdn Healthcare Investors (NYSE:HQH) Raises Dividend to $0.54 Per Share

Abrdn Healthcare Investors (NYSE:HQH - Get Free Report) announced a quarterly dividend on Tuesday, May 20th, investing.com reports. Investors of record on Thursday, May 22nd will be paid a dividend of 0.54 per share by the financial services provider on Monday, June 30th. This represents a $2.16 annualized dividend and a dividend yield of 14.15%. The ex-dividend date is Thursday, May 22nd. This is a 8.0% increase from Abrdn Healthcare Investors's previous quarterly dividend of $0.50.

Abrdn Healthcare Investors has increased its dividend by an average of 101.6% annually over the last three years.

Abrdn Healthcare Investors Stock Down 1.2%

Shares of NYSE:HQH traded down $0.18 during mid-day trading on Friday, hitting $15.26. The stock had a trading volume of 195,735 shares, compared to its average volume of 190,541. Abrdn Healthcare Investors has a 12-month low of $13.77 and a 12-month high of $19.79. The company's 50 day moving average is $15.63 and its 200-day moving average is $16.69.

Institutional Investors Weigh In On Abrdn Healthcare Investors

Several hedge funds have recently made changes to their positions in HQH. Integrated Wealth Concepts LLC purchased a new stake in shares of Abrdn Healthcare Investors in the 1st quarter valued at approximately $166,000. Goldman Sachs Group Inc. increased its stake in Abrdn Healthcare Investors by 7.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 11,732 shares of the financial services provider's stock valued at $191,000 after buying an additional 788 shares during the period. NewEdge Advisors LLC increased its stake in Abrdn Healthcare Investors by 3.0% in the 1st quarter. NewEdge Advisors LLC now owns 43,233 shares of the financial services provider's stock valued at $702,000 after buying an additional 1,274 shares during the period. Finally, Royal Bank of Canada increased its stake in Abrdn Healthcare Investors by 22.0% in 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 buying an additional 95,441 shares during the period. Hedge funds and other institutional investors own 32.60% of the company's stock.

Abrdn Healthcare Investors Company Profile

Abrdn Healthcare Investors is a closed-ended equity mutual fund launched and managed by abrdn Inc The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector, including the biotechnology, medical devices, and pharmaceuticals industries.