Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Tuesday, June 23rd will be paid a dividend of 0.085 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 13.2%. The ex-dividend date is Tuesday, June 23rd.
Highland Global Allocation Fund Stock Performance
NASDAQ HGLB opened at $7.72 on Friday. The company has a 50 day moving average price of $8.06 and a two-hundred day moving average price of $8.56. Highland Global Allocation Fund has a 12-month low of $7.53 and a 12-month high of $10.64.
About Highland Global Allocation Fund
The Highland Global Allocation Fund (NASDAQ:HGLB) is a diversified, closed-end interval fund that seeks to provide total return through a combination of current income and capital appreciation. Managed by Highland Capital Management, the fund pursues a multi-asset strategy, allocating across global equities, fixed income instruments, and alternative investments. Its flexible mandate allows the portfolio team to shift exposures between regions and asset classes in response to changing market conditions.
The fund’s investment approach emphasizes risk management and diversification.
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