AGD Stock Summary and Trading Ideas (Aberdeen Global Dynamic Dividend | NYSE:AGD)

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 April 18, 2024, AGD stock price was flat at $9.17 with 21,750 million shares trading.

AGD has a beta of 0.93, 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 $228.01 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 has underperformed the market in the last year with a price return of +4.3% while the SPY ETF gained +22.3%. AGD has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +2.9% and -4.0%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

AGD support price is $9.09 and resistance is $9.26 (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.