Tekla World Healthcare Fund said on April 10, 2023 that its board of directors declared a regular
monthly dividend of $0.12 per share ($1.40 annualized).
Previously, the company paid $0.12 per share.
Shares must be purchased before the ex-div date of April 19, 2023 to qualify for the dividend.
Shareholders of record as of April 20, 2023
will receive the payment on April 28, 2023.
At the current share price of $14.10 / share,
the stock’s dividend yield is 9.94%.
Looking back five years and taking a sample every week, the average dividend yield has been
9.91%,
the lowest has been 8.19%,
and the highest has been 15.75%.
The standard deviation of yields is 1.02 (n=236).
The current dividend yield is
0.02 standard deviations
above
the historical average.
The company has not increased its dividend in the last three years.
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What is the Fund Sentiment?
There are 61 funds or institutions reporting positions in Tekla World Healthcare Fund.
This is unchanged over the last quarter.
Average portfolio weight of all funds dedicated to THW is 0.03%,
a decrease
of 39.74%.
Total shares owned by institutions decreased
in the last three months by 0.60% to 4,387K shares.
What are Other Shareholders Doing?
Global Retirement Partners
holds 13K shares.
No change in the last quarter.
Ameriprise Financial
holds 23K shares.
In it’s prior filing, the firm reported owning 24K shares, representing
a decrease
of 4.39%.
The firm
increased
its portfolio allocation in THW by 2.61% over the last quarter.
Wedbush Securities
holds 26K shares.
In it’s prior filing, the firm reported owning 31K shares, representing
a decrease
of 18.22%.
The firm
decreased
its portfolio allocation in THW by 99.91% over the last quarter.
LPL Financial
holds 151K shares.
In it’s prior filing, the firm reported owning 148K shares, representing
an increase
of 1.78%.
The firm
increased
its portfolio allocation in THW by 2.93% over the last quarter.
Heritage Trust
holds 13K shares.
In it’s prior filing, the firm reported owning 30K shares, representing
a decrease
of 125.48%.
The firm
decreased
its portfolio allocation in THW by 99.95% over the last quarter.
Tekla World Healthcare Fund Background Information
(This description is provided by the company.)
Tekla World Healthcare Fund is a closed-end fund that invests in companies in the healthcare industry. Tekla Capital Management LLC, based in Boston, serves as investment adviser to the Fund.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
