abrdn Global Premier Properties Fund (NYSE:AWP) declared a $0.04/share monthly dividend, resulting in a forward yield of 12.09%. The dividend is payable on June 30 for shareholders of record on June 23.
Title: abrdn Global Premier Properties Fund Declares Monthly Dividend of $0.04 per Share
abrdn Global Premier Properties Fund (NYSE:AWP) has announced a monthly dividend of $0.04 per share, resulting in a forward yield of 12.09%. The dividend will be payable on June 30, 2025, to shareholders of record on June 23, 2025 [1].
The fund, managed by Alpine Woods Capital Investors, LLC, invests in global real estate sectors, focusing on value stocks. It employs a top-down and bottom-up stock-picking approach, benchmarking its performance against the FTSE EPRA/NAREIT Global TR Index, MSCI US REIT Gross Total Return Index, and S&P Developed BMI Property Index Net TR Index [1].
The dividend policy aims to provide investors with a stable monthly distribution from current income, supplemented by realized capital gains and, if necessary, paid-in capital. The fund has a history of paying monthly distributions, with the most recent distribution of $0.04 per share paid on January 8, 2021 [2].
The forward yield of 12.09% is calculated based on the current share price and the declared dividend. Investors should note that the actual yield may vary depending on the share price at the time of the dividend payment.
In addition to the dividend announcement, the fund has seen several insider transactions recently. Director Yao Nancy purchased $1,990 worth of shares, increasing her direct ownership by 50%, and Director Reit Todd bought $6,889 worth of shares, increasing his direct ownership by 182% [3].
The fund's leadership has also undergone updates, with Dr. Jason Akus appointed as co-lead portfolio manager alongside Dr. Daniel Omstead [4].
For more information about the fund, including its investment strategy and performance, visit the official website [5].
References
[1] https://quantisnow.com/company/AWP
[2] https://quantisnow.com/company/AWP
[3] https://quantisnow.com/company/AWP
[4] https://quantisnow.com/company/AWP
[5] https://alpinecef.com/default.asp?P=856340&S=857563
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