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abrdn Global Dynamic Dividend Fund declares $0.065 dividend
Seeking Alpha News (Fri, 10-May 6:54 AM ET)
Alpine Global Dynamic Dividend Fund (the “Fund”) is a diversified, closed-end management investment company. The Fund was organized as a Delaware Statutory Trust on May 11, 2006, and had no operating history prior to July 26, 2006. The Board of Trustees (the “Board”) authorized an unlimited number of shares with no par value. The Fund’s primary investment objective is to seek high current dividend income, more than 50% of which qualifies for the reduced Federal income tax rates created by the Jobs and Growth Tax Relief Reconciliation Act of 2003. The Fund also focuses on long-term growth of capital as a secondary investment objective.
Aberdeen Global Dynamic Dividend trades on the NYSE stock market under the symbol AGD.
As of May 13, 2024, AGD stock price climbed to $9.66 with 46,839 million shares trading.
AGD has a beta of 0.90, meaning it tends to be less sensitive to market movements. AGD has a correlation of 0.78 to the broad based SPY ETF.
AGD has a market cap of $240.20 million. This is considered a Small Cap stock.
In the last 3 years, AGD stock traded as high as $12.66 and as low as $8.20.
AGD stock has underperformed the market in the last year with a return of +12.4%, while SPY returned +28.2%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in AGD shares. However, AGD has outperformed the market in the last 3 month and 2 week periods, returning +6.0% and +2.2%, while SPY returned +5.8% and +2.1%, respectively. This indicates AGD has been having a stronger performance recently.
AGD support price is $9.55 and resistance is $9.71 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AGD stock will trade within this expected range on the day.