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

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, September 23rd will be paid a dividend of 0.088 per share on Tuesday, September 30th. This represents a $1.06 annualized dividend and a yield of 12.24%. The ex-dividend date of this dividend is Tuesday, September 23rd.

Highland Global Allocation Fund Price Performance

HGLB stock opened at $8.63 on Friday. The business’s 50-day moving average is $8.53 and its two-hundred day moving average is $8.03. Highland Global Allocation Fund has a fifty-two week low of $6.62 and a fifty-two week high of $9.11.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Highland Global Allocation Fund stock. Bank of America Corp DE bought a new position in shares of Highland Global Allocation Fund (NASDAQ:HGLB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,686 shares of the company’s stock, valued at approximately $32,000. Institutional investors own 28.79% of the company’s stock.

Highland Global Allocation Fund Company Profile

Highland Global Allocation Fund is a closed-end fund designed to provide low correlation to U.S. equity market.

Thr fund applies global thematic investment style, pursuing investments that management team views as undervalued, built around high-conviction themes.