abrdn Global Infrastructure Income Fund Declares $0.21 Monthly Dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Dividend Announcement: abrdn Global Infrastructure Income Fund has declared a monthly dividend of $0.21 per share, demonstrating its ability to maintain cash flow amidst market fluctuations, thus providing stable returns for investors.
- Payment Schedule: The dividend is set to be paid on January 30, with a record date of January 23 and an ex-dividend date also on January 23, ensuring timely returns for investors and bolstering market confidence in the fund.
- Earnings Performance: Despite the stable dividend level, the market has downgraded the rating for abrdn Global Infrastructure Income Fund, reflecting concerns over its current valuation, which may impact future capital inflows.
- Market Environment Analysis: In the context of declining rates in the global utilities sector, while the abrdn fund is viewed as a solid infrastructure investment, analysts advise caution due to its high valuation, suggesting investors avoid chasing prices blindly.
Analyst Views on ASGI
Wall Street analysts forecast ASGI stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ASGI is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About ASGI
abrdn Global Infrastructure Income Fund (the Fund) is a non-diversified, closed-end management investment company. The Fund’s investment objective is to seek to provide a high level of total return with an emphasis on current income. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of income-producing public and private infrastructure equity investments around the world. The Fund may invest in issuers located anywhere in the world, including issuers located in emerging markets. The Fund may invest up to 20% of its net assets in securities issued by companies that are not infrastructure companies. It may invest in securities denominated in United States dollars and currencies of foreign countries. The Fund invests in various sectors, such as industrials, utilities, energy, communication services, real estate, materials and information technology. Its investment advisor is abrdn Inc. and its investment sub-advisor is abrdn Investments Limited.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
