Shares of abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Get Free Report) dropped 1.6% on Thursday . The company traded as low as $5.96 and last traded at $6.05. Approximately 108,493 shares were traded during mid-day trading, an increase of 60% from the average daily volume of 67,856 shares. The stock had previously closed at $6.15.
abrdn Global Income Fund Stock Up 1.0 %
abrdn Global Income Fund Announces Dividend
The company also recently disclosed a monthly dividend, which was paid on Monday, March 31st. Stockholders of record on Tuesday, March 25th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Tuesday, March 25th. This represents a $0.84 annualized dividend and a dividend yield of 14.38%.
Hedge Funds Weigh In On abrdn Global Income Fund
A hedge fund recently raised its stake in abrdn Global Income Fund stock. Oppenheimer & Co. Inc. grew its position in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO - Free Report) by 10.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 107,420 shares of the company's stock after acquiring an additional 10,514 shares during the period. Oppenheimer & Co. Inc. owned about 0.86% of abrdn Global Income Fund worth $634,000 at the end of the most recent quarter. Institutional investors and hedge funds own 10.79% of the company's stock.
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.
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