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abrdn Healthcare Investors (NYSE:HQH) Plans Quarterly Dividend of $0.51

abrdn Healthcare Investors logo with Finance background

Key Points

  • abrdn Healthcare Investors has declared a quarterly dividend of $0.51 per share, with stockholders of record set to receive the payment on September 30.
  • The stock is currently yielding 12.9% based on its annualized dividend, and the ex-dividend date is August 22.
  • Institutional investors now hold 32.60% of the company’s stock, with significant recent acquisitions from firms like Raymond James Financial and Royal Bank of Canada.
  • Need better tools to track abrdn Healthcare Investors? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

abrdn Healthcare Investors (NYSE:HQH - Get Free Report) declared a quarterly dividend on Tuesday, August 12th, Wall Street Journal reports. Stockholders of record on Friday, August 22nd will be paid a dividend of 0.51 per share by the financial services provider on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 12.9%. The ex-dividend date is Friday, August 22nd.

abrdn Healthcare Investors Stock Performance

Shares of NYSE HQH traded up $0.22 during midday trading on Tuesday, hitting $15.87. 215,699 shares of the company's stock were exchanged, compared to its average volume of 212,120. The stock's 50 day moving average price is $15.71 and its 200-day moving average price is $16.12. abrdn Healthcare Investors has a twelve month low of $13.77 and a twelve month high of $19.79.

Hedge Funds Weigh In On abrdn Healthcare Investors

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Raymond James Financial Inc. acquired a new stake in abrdn Healthcare Investors in the fourth quarter worth approximately $15,049,000. Smith Asset Management Co. LLC bought a new position in shares of abrdn Healthcare Investors in the first quarter valued at $1,961,000. Royal Bank of Canada increased its holdings in shares of abrdn Healthcare Investors by 22.0% in the first 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 in the last quarter. Penserra Capital Management LLC increased its holdings in shares of abrdn Healthcare Investors by 8.5% in the first quarter. Penserra Capital Management LLC now owns 1,008,526 shares of the financial services provider's stock valued at $16,378,000 after buying an additional 78,771 shares in the last quarter. Finally, LPL Financial LLC increased its holdings in shares of abrdn Healthcare Investors by 24.4% in the first quarter. LPL Financial LLC now owns 350,961 shares of the financial services provider's stock valued at $5,700,000 after buying an additional 68,941 shares in the last quarter. 32.60% of the stock is currently owned by institutional investors and hedge funds.

About abrdn Healthcare Investors

(Get Free Report)

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.

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Dividend History for abrdn Healthcare Investors (NYSE:HQH)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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