Aberdeen Total Dynamic Dividend Fund (NYSE:AOD) Plans Monthly Dividend of $0.06

Aberdeen Total Dynamic Dividend Fund (NYSE:AOD – Get Rating) declared a monthly dividend on Thursday, June 9th, Zacks reports. Shareholders of record on Wednesday, June 22nd will be paid a dividend of 0.058 per share by the investment management company on Thursday, June 30th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 8.33%. The ex-dividend date is Tuesday, June 21st. This is a boost from Aberdeen Total Dynamic Dividend Fund’s previous monthly dividend of $0.06.

Aberdeen Total Dynamic Dividend Fund has raised its dividend by an average of 2.9% per year over the last three years.

Shares of AOD opened at $8.36 on Friday. The company’s fifty day moving average is $8.86 and its two-hundred day moving average is $9.48. Aberdeen Total Dynamic Dividend Fund has a fifty-two week low of $7.96 and a fifty-two week high of $10.50.

Hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 45.7% in the 1st quarter. NewEdge Advisors LLC now owns 58,220 shares of the investment management company’s stock valued at $559,000 after acquiring an additional 18,273 shares during the period. Baird Financial Group Inc. raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 3.1% in the 1st quarter. Baird Financial Group Inc. now owns 50,596 shares of the investment management company’s stock valued at $486,000 after acquiring an additional 1,518 shares during the period. Walleye Capital LLC raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 30.2% in the 1st quarter. Walleye Capital LLC now owns 44,159 shares of the investment management company’s stock valued at $424,000 after acquiring an additional 10,248 shares during the period. Cetera Investment Advisers raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 6.5% in the 4th quarter. Cetera Investment Advisers now owns 30,014 shares of the investment management company’s stock valued at $307,000 after acquiring an additional 1,823 shares during the period. Finally, Cetera Advisor Networks LLC raised its stake in shares of Aberdeen Total Dynamic Dividend Fund by 4.5% in the 1st quarter. Cetera Advisor Networks LLC now owns 30,535 shares of the investment management company’s stock valued at $293,000 after acquiring an additional 1,323 shares during the period.

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