Tekla Life Sciences Investors (NYSE:HQL) declared a quarterly dividend on Wednesday, May 22nd, Wall Street Journal reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.37 per share on Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 9.01%. The ex-dividend date is Thursday, May 30th. This is a boost from Tekla Life Sciences Investors’s previous quarterly dividend of $0.33.
Tekla Life Sciences Investors has decreased its dividend payment by an average of 8.1% per year over the last three years.
Shares of NYSE HQL opened at $16.42 on Thursday. Tekla Life Sciences Investors has a 1 year low of $13.95 and a 1 year high of $20.68.
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Tekla Life Sciences Investors is a closed-ended equity mutual fund launched and managed by Tekla Capital Management LLC. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the life sciences sector, including the biotechnology, pharmaceutical, diagnostics, managed healthcare, medical equipment, hospitals, healthcare information technology and services, devices and supplies industries, and in agriculture and environmental management industries.
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