abrdn Life Sciences Investors Declares Quarterly Dividend of $0.56 (NYSE:HQL)

abrdn Life Sciences Investors (NYSE:HQL) announced a quarterly dividend on Monday, May 11th. Stockholders of record on Thursday, May 21st will be paid a dividend of 0.56 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend is Thursday, May 21st.

abrdn Life Sciences Investors Stock Performance

Shares of NYSE:HQL opened at $18.14 on Tuesday. abrdn Life Sciences Investors has a 52 week low of $11.92 and a 52 week high of $18.46. The company’s fifty day moving average is $16.98 and its 200-day moving average is $16.98.

abrdn Life Sciences Investors Company Profile

abrdn Life Sciences Investors (NYSE: HQL) is a closed-end management investment company that seeks capital appreciation through investment in the life sciences sector. Established in 1994, the trust focuses on equity and equity-related securities of companies engaged in biotechnology, pharmaceuticals, medical devices, diagnostics and related fields. Its closed-end structure allows portfolio managers to maintain a stable pool of capital, pursue long-term investment strategies and employ leverage when deemed appropriate.

The fund’s portfolio spans both public and private companies, with an emphasis on businesses driving innovation in drug development, gene therapy, precision medicine and healthcare technology.