abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Get Free Report) announced a monthly dividend on Tuesday, April 9th, Wall Street Journal reports. Shareholders of record on Tuesday, April 23rd will be given a dividend of 0.07 per share on Tuesday, April 30th. This represents a $0.84 dividend on an annualized basis and a yield of 15.76%. The ex-dividend date of this dividend is Monday, April 22nd.
abrdn Global Income Fund Price Performance
Shares of FCO traded up $0.02 during trading hours on Friday, reaching $5.33. 50,355 shares of the company traded hands, compared to its average volume of 93,950. abrdn Global Income Fund has a 12-month low of $4.73 and a 12-month high of $6.63.
Hedge Funds Weigh In On abrdn Global Income Fund
A number of institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its stake in shares of abrdn Global Income Fund by 5.7% during the second quarter. Wells Fargo & Company MN now owns 541,449 shares of the company's stock valued at $3,227,000 after buying an additional 28,968 shares during the period. Bank of America Corp DE increased its position in abrdn Global Income Fund by 9.9% during the 1st quarter. Bank of America Corp DE now owns 78,441 shares of the company's stock valued at $481,000 after purchasing an additional 7,087 shares during the period. NewEdge Advisors LLC increased its position in abrdn Global Income Fund by 9.4% during the 1st quarter. NewEdge Advisors LLC now owns 76,000 shares of the company's stock valued at $466,000 after purchasing an additional 6,500 shares during the period. Morgan Stanley raised its holdings in shares of abrdn Global Income Fund by 9.6% in the 4th quarter. Morgan Stanley now owns 60,342 shares of the company's stock valued at $291,000 after purchasing an additional 5,270 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of abrdn Global Income Fund by 817.3% in the 2nd quarter. Osaic Holdings Inc. now owns 49,523 shares of the company's stock worth $295,000 after purchasing an additional 44,124 shares during the period. 10.79% of the stock is owned by hedge funds and other institutional investors.
About abrdn Global Income Fund
(
Get Free Report)
Abrdn Global Income Fund Inc is a closed-ended fixed income mutual fund launched and managed by Aberdeen Standard Investments (Asia) Limited. It is co-managed by Aberdeen Standard Investments Australia Limited and Aberdeen Asset Managers Limited. The fund invests in fixed income markets across the globe.
Featured Articles
Before you consider abrdn Global Income Fund, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and abrdn Global Income Fund wasn't on the list.
While abrdn Global Income Fund currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Click the link below and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
