Highland Global Allocation Fund (NASDAQ:HGLB) Declares Monthly Dividend of $0.09

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Monday, November 23rd will be given a dividend of $0.0850 per share on Monday, November 30th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 15.2%. The ex-dividend date is Monday, November 23rd.

Highland Global Allocation Fund Stock Up 1.5%

Shares of NASDAQ:HGLB traded up $0.10 during trading on Friday, reaching $6.70. 1,470 shares of the stock were exchanged, compared to its average volume of 81,326. Highland Global Allocation Fund has a 12-month low of $6.50 and a 12-month high of $10.64. The firm’s 50-day moving average price is $7.34 and its 200 day moving average price is $7.72.

About Highland Global Allocation Fund

Highland Global Allocation Fund (NASDAQ: HGLB) is a diversified, closed-end management investment company. The fund seeks to provide investors with long-term total return by allocating its portfolio across global markets and multiple asset classes.

Its investments may include equity securities, fixed-income securities, investment company securities and other instruments issued by companies and governments in the United States and international markets. The fund’s flexible mandate allows its portfolio allocation to change in response to market conditions and the investment team’s assessment of opportunities and risks.

Highland Global Allocation Fund is advised by Highland Capital Management Fund Advisors, L.P.