Tekla World Healthcare Fund (NYSE:THW) declared a monthly dividend on Tuesday, June 11th, Wall Street Journal reports. Stockholders of record on Thursday, June 20th will be paid a dividend of 0.1167 per share on Friday, June 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 11.24%. The ex-dividend date of this dividend is Wednesday, June 19th.
Tekla World Healthcare Fund has increased its dividend by an average of 44.2% per year over the last three years.
Shares of NYSE:THW traded down $0.01 during mid-day trading on Tuesday, reaching $12.46. 121,294 shares of the company’s stock were exchanged, compared to its average volume of 115,720. Tekla World Healthcare Fund has a twelve month low of $10.80 and a twelve month high of $14.20.
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.
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