Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Friday, May 22nd will be given a dividend of 0.085 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 12.6%. The ex-dividend date is Friday, May 22nd.
Highland Global Allocation Fund Trading Up 0.7%
Highland Global Allocation Fund stock opened at $8.10 on Wednesday. The stock has a 50-day moving average price of $8.19 and a 200 day moving average price of $8.87. Highland Global Allocation Fund has a 52 week low of $7.53 and a 52 week 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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