Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders of record on Monday, March 24th will be given a dividend of 0.088 per share on Monday, March 31st. This represents a $1.06 annualized dividend and a yield of 14.33%. The ex-dividend date is Monday, March 24th.
Highland Global Allocation Fund has increased its dividend payment by an average of 4.5% per year over the last three years.
Highland Global Allocation Fund Stock Performance
Shares of HGLB opened at $7.37 on Tuesday. The company’s 50 day simple moving average is $7.49 and its 200-day simple moving average is $7.64. Highland Global Allocation Fund has a 12-month low of $6.75 and a 12-month high of $8.36.
About Highland Global Allocation Fund
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.
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