abrdn Global Income Fund (NYSEAMERICAN:FCO) Trading 0.9% Higher – What’s Next?

abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) shares rose 0.9% during mid-day trading on Wednesday . The stock traded as high as $5.93 and last traded at $5.90. Approximately 38,487 shares changed hands during trading, a decline of 47% from the average daily volume of 72,459 shares. The stock had previously closed at $5.85.

abrdn Global Income Fund Price Performance

abrdn Global Income Fund Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Friday, January 10th. Shareholders of record on Monday, December 30th will be paid a $0.07 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 14.14%. The ex-dividend date of this dividend is Monday, December 30th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in abrdn Global Income Fund stock. Oppenheimer & Co. Inc. acquired a new stake in abrdn Global Income Fund, Inc. (NYSEAMERICAN:FCO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 96,906 shares of the company’s stock, valued at approximately $580,000. Oppenheimer & Co. Inc. owned 0.77% of abrdn Global Income Fund as of its most recent SEC filing. Institutional investors own 10.79% of the company’s stock.

About abrdn Global Income Fund

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.