Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Tuesday, January 7th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a dividend yield of 14.33%. The ex-dividend date is Monday, March 24th.
Highland Global Allocation Fund has raised its dividend by an average of 4.5% per year over the last three years.
Highland Global Allocation Fund Stock Performance
NASDAQ:HGLB opened at $7.37 on Wednesday. Highland Global Allocation Fund has a 12 month low of $6.75 and a 12 month high of $8.36. The firm has a fifty day simple moving average of $7.49 and a two-hundred day simple moving average of $7.64.
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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