AllianceBernstein Global High Income Fund (NYSE:AWF) to Issue Monthly Dividend of $0.07

AllianceBernstein Global High Income Fund (NYSE:AWF) announced a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Friday, May 3rd will be given a dividend of 0.0655 per share by the closed-end fund on Friday, May 17th. This represents a $0.79 annualized dividend and a yield of 7.66%. The ex-dividend date is Thursday, May 2nd.

AllianceBernstein Global High Income Fund has decreased its dividend by an average of 0.9% per year over the last three years.

AllianceBernstein Global High Income Fund Trading Down 0.1 %

Shares of NYSE AWF traded down $0.01 during midday trading on Thursday, hitting $10.27. 272,673 shares of the stock traded hands, compared to its average volume of 199,655. The business has a 50 day moving average price of $10.41 and a two-hundred day moving average price of $10.08. AllianceBernstein Global High Income Fund has a one year low of $9.20 and a one year high of $10.71.

Insider Activity at AllianceBernstein Global High Income Fund

In related news, insider Emilie D. Wrapp acquired 2,393 shares of AllianceBernstein Global High Income Fund stock in a transaction that occurred on Monday, March 18th. The stock was bought at an average price of $10.45 per share, with a total value of $25,006.85. Following the transaction, the insider now directly owns 2,393 shares in the company, valued at $25,006.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.00% of the stock is currently owned by company insiders.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.