Abrdn World Healthcare Fund (NYSE:THW) Plans Dividend Increase – $0.12 Per Share

Abrdn World Healthcare Fund (NYSE:THW) announced a monthly dividend on Monday, November 11th,Zacks Dividends reports. Stockholders of record on Thursday, November 21st will be paid a dividend of 0.117 per share on Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Abrdn World Healthcare Fund’s previous monthly dividend of $0.12.

Abrdn World Healthcare Fund has increased its dividend payment by an average of 1,307.9% annually over the last three years.

Abrdn World Healthcare Fund Trading Down 1.4 %

THW stock traded down $0.17 on Wednesday, hitting $12.13. The company had a trading volume of 164,019 shares, compared to its average volume of 111,882. The stock’s 50-day simple moving average is $12.94 and its 200 day simple moving average is $12.99. Abrdn World Healthcare Fund has a 12-month low of $10.55 and a 12-month high of $13.48.

About Abrdn World Healthcare Fund

Tekla World Healthcare Fund is a closed-ended balanced mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity and fixed income markets across the globe. It seeks to invest in stocks of companies operating in the healthcare sector. For its fixed income portion, the fund primarily invests in corporate debt securities.