abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) Announces Monthly Dividend of $0.07

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) announced a monthly dividend on Thursday, November 9th, Wall Street Journal reports. Investors of record on Wednesday, November 22nd will be paid a dividend of 0.07 per share on Thursday, November 30th. This represents a $0.84 annualized dividend and a yield of 13.57%. The ex-dividend date of this dividend is Tuesday, November 21st.

abrdn Global Income Fund Stock Performance

Shares of NYSEAMERICAN FCO opened at $6.19 on Monday. abrdn Global Income Fund has a 12-month low of $4.48 and a 12-month high of $6.49.

Institutional Trading of abrdn Global Income Fund

Several large investors have recently added to or reduced their stakes in FCO. Wells Fargo & Company MN boosted its position in shares of abrdn Global Income Fund by 42.3% in the fourth quarter. Wells Fargo & Company MN now owns 463,435 shares of the company’s stock worth $2,234,000 after purchasing an additional 137,751 shares during the period. Osaic Holdings Inc. boosted its position in shares of abrdn Global Income Fund by 817.3% in the second 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. Atria Wealth Solutions Inc. bought a new position in shares of abrdn Global Income Fund in the first quarter worth approximately $169,000. Baird Financial Group Inc. bought a new position in shares of abrdn Global Income Fund in the third quarter worth approximately $120,000. Finally, Virtu Financial LLC bought a new position in shares of abrdn Global Income Fund in the fourth quarter worth approximately $65,000. 7.09% of the stock is currently owned by institutional investors.

abrdn Global Income Fund Company Profile

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.