Highland Global Allocation Fund (NASDAQ:HGLB) Shares to Pay Monthly Dividend of $0.09

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, December 24th will be given a dividend of $0.0850 per share on Thursday, December 31st. This represents a $1.02 annualized dividend and a dividend yield of 15.2%. The ex-dividend date is Thursday, December 24th.

Highland Global Allocation Fund Stock Performance

HGLB traded up $0.10 during midday trading on Friday, hitting $6.70. 1,470 shares of the company traded hands, compared to its average volume of 81,326. The business has a 50 day simple moving average of $7.34 and a two-hundred day simple moving average of $7.72. Highland Global Allocation Fund has a 52-week low of $6.50 and a 52-week high of $10.64.

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.