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

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Friday, January 2nd. Investors of record on Friday, January 23rd will be paid a dividend of 0.085 per share on Friday, January 30th. This represents a c) annualized dividend and a dividend yield of 11.4%. The ex-dividend date is Friday, January 23rd.

Highland Global Allocation Fund Stock Performance

HGLB traded up $0.11 on Wednesday, hitting $8.98. The company had a trading volume of 8,169 shares, compared to its average volume of 102,755. The stock has a fifty day simple moving average of $9.31 and a 200-day simple moving average of $9.13. Highland Global Allocation Fund has a 52-week low of $6.62 and a 52-week high of $10.64.

Highland Global Allocation Fund Company Profile

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.