Aberdeen Total Dynamic Dividend Fund (AOD) to Distribute Monthly Dividend of $0.10 on October 30th

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) declared a monthly dividend on Friday, October 9th. Investors of record on Friday, October 23rd will be given a dividend of $0.10 per share by the investment management company on Friday, October 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 11.7%. The ex-dividend date is Friday, October 23rd. This is a 9.1% decrease from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.11.

Aberdeen Total Dynamic Dividend Fund Stock Up 0.1%

Shares of NYSE:AOD traded up $0.01 during mid-day trading on Wednesday, reaching $10.21. 48,575 shares of the stock were exchanged, compared to its average volume of 475,266. The stock’s 50 day simple moving average is $10.44 and its 200-day simple moving average is $10.35. Aberdeen Total Dynamic Dividend Fund has a one year low of $8.76 and a one year high of $10.85.

Hedge Funds Weigh In On Aberdeen Total Dynamic Dividend Fund

Several hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. boosted its stake in shares of Aberdeen Total Dynamic Dividend Fund by 11.1% during the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 57,838 shares of the investment management company’s stock worth $588,000 after buying an additional 5,768 shares during the last quarter. CoreCap Advisors LLC grew its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 42.0% in the 3rd quarter. CoreCap Advisors LLC now owns 61,329 shares of the investment management company’s stock valued at $623,000 after acquiring an additional 18,129 shares in the last quarter. NewEdge Advisors LLC grew its holdings in shares of Aberdeen Total Dynamic Dividend Fund by 2.3% in the 2nd quarter. NewEdge Advisors LLC now owns 131,397 shares of the investment management company’s stock valued at $1,355,000 after acquiring an additional 2,903 shares in the last quarter. Baird Financial Group Inc. increased its position in shares of Aberdeen Total Dynamic Dividend Fund by 20.1% in the second quarter. Baird Financial Group Inc. now owns 83,985 shares of the investment management company’s stock valued at $866,000 after acquiring an additional 14,071 shares during the last quarter. Finally, Allworth Financial LP increased its position in shares of Aberdeen Total Dynamic Dividend Fund by 3.7% in the second quarter. Allworth Financial LP now owns 36,197 shares of the investment management company’s stock valued at $373,000 after acquiring an additional 1,292 shares during the last quarter.

Aberdeen Total Dynamic Dividend Fund Company Profile

Aberdeen Total Dynamic Dividend Fund (NYSE: AOD) is a closed-end investment fund managed by abrdn. The fund seeks to provide a high level of current dividend income, with capital appreciation as a secondary objective, by investing primarily in dividend-paying equity securities.

AOD invests in companies across the United States and international markets, using a flexible allocation strategy that can adjust exposure between domestic and foreign equities. Its portfolio may include common stocks and other equity investments issued by companies in a range of industries and geographic regions.

The fund was previously known as Alpine Total Dynamic Dividend Fund before becoming part of the abrdn-managed fund platform.