Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) announced a dec 25 dividend on Wednesday, October 1st, RTT News reports. Stockholders of record on Wednesday, December 24th will be given a dividend of 0.088 per share on Wednesday, December 31st. This represents a dividend yield of 1,164.0%. The ex-dividend date of this dividend is Wednesday, December 24th.
Highland Global Allocation Fund Price Performance
NASDAQ:HGLB opened at $9.13 on Monday. Highland Global Allocation Fund has a one year low of $6.62 and a one year high of $10.64. The company’s 50-day simple moving average is $9.77 and its 200 day simple moving average is $9.10.
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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