Abrdn Life Sciences Investors (NYSE:HQL) Raises Dividend to $0.48 Per Share

Abrdn Life Sciences Investors (NYSE:HQLGet Free Report) declared a quarterly dividend on Thursday, May 9th, NASDAQ reports. Shareholders of record on Thursday, May 23rd will be given a dividend of 0.48 per share on Friday, June 28th. This represents a $1.92 dividend on an annualized basis and a yield of 13.62%. The ex-dividend date of this dividend is Wednesday, May 22nd. This is a positive change from Abrdn Life Sciences Investors’s previous quarterly dividend of $0.39.

Abrdn Life Sciences Investors has increased its dividend by an average of 48.2% annually over the last three years.

Abrdn Life Sciences Investors Price Performance

Shares of Abrdn Life Sciences Investors stock opened at $14.10 on Monday. The firm has a fifty day moving average price of $13.43 and a 200 day moving average price of $13.31. Abrdn Life Sciences Investors has a 1 year low of $11.34 and a 1 year high of $14.37.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. purchased 2,022 shares of Abrdn Life Sciences Investors stock in a transaction that occurred on Monday, April 22nd. The stock was bought at an average cost of $12.88 per share, for a total transaction of $26,043.36. Following the completion of the transaction, the insider now owns 2,738,992 shares in the company, valued at $35,278,216.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders purchased a total of 382,156 shares of company stock valued at $5,073,722 in the last quarter. 10.06% of the stock is currently owned by company insiders.

About Abrdn Life Sciences Investors

(Get Free Report)

Abrdn Life Sciences 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 life sciences sector, including the biotechnology, pharmaceutical, diagnostics, managed healthcare, medical equipment, hospitals, healthcare information technology and services, devices and supplies industries, and in agriculture and environmental management industries.

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Dividend History for Abrdn Life Sciences Investors (NYSE:HQL)

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