Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) announced a monthly dividend on Monday, January 6th,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 annualized dividend and a yield of 14.33%. The ex-dividend date is Monday, March 24th.
Highland Global Allocation Fund has raised its dividend payment by an average of 4.5% annually over the last three years.
Highland Global Allocation Fund Stock Up 0.3 %
Shares of HGLB stock traded up $0.02 on Monday, reaching $7.37. The company had a trading volume of 84,478 shares, compared to its average volume of 89,024. The business’s 50-day moving average is $7.50 and its 200 day moving average is $7.64. Highland Global Allocation Fund has a one year low of $6.75 and a one year 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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