AllianceBernstein Global High Income Fund Plans Monthly Dividend of $0.07 (NYSE:AWF)

AllianceBernstein Global High Income Fund (NYSE:AWF) announced a monthly dividend on Thursday, April 25th, Wall Street Journal reports. Stockholders of record on Friday, May 3rd will be paid a dividend of 0.0655 per share by the closed-end fund on Friday, May 17th. This represents a $0.79 annualized dividend and a dividend yield of 7.65%. The ex-dividend date of this dividend is Thursday, May 2nd.

AllianceBernstein Global High Income Fund has decreased its dividend payment by an average of 0.9% annually over the last three years.

AllianceBernstein Global High Income Fund Stock Performance

Shares of AWF traded down $0.01 on Thursday, reaching $10.27. 272,673 shares of the stock traded hands, compared to its average volume of 199,655. The stock’s 50-day moving average price is $10.41 and its 200-day moving average price is $10.08. AllianceBernstein Global High Income Fund has a 12 month low of $9.20 and a 12 month high of $10.71.

Insider Activity

In other AllianceBernstein Global High Income Fund news, insider Emilie D. Wrapp purchased 2,393 shares of the stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $10.45 per share, for a total transaction of $25,006.85. Following the completion of the acquisition, the insider now directly owns 2,393 shares of the company’s stock, valued at $25,006.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by insiders.

AllianceBernstein Global High Income Fund Company Profile

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.