Highland Global Allocation Fund (HGLB) To Go Ex-Dividend on July 24th

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Wednesday, July 24th will be paid a dividend of 0.081 per share on Wednesday, July 31st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 12.81%. The ex-dividend date is Wednesday, July 24th.

Highland Global Allocation Fund Stock Performance

Shares of HGLB remained flat at $7.59 during trading hours on Wednesday. The company had a trading volume of 16,188 shares, compared to its average volume of 78,387. Highland Global Allocation Fund has a twelve month low of $6.42 and a twelve month high of $8.75. The stock has a 50-day simple moving average of $7.34 and a two-hundred day simple moving average of $7.64.

Insider Transactions at Highland Global Allocation Fund

In other news, Director Ethan Powell bought 6,750 shares of the firm’s stock in a transaction dated Friday, June 28th. The stock was acquired at an average price of $7.47 per share, for a total transaction of $50,422.50. Following the acquisition, the director now owns 6,750 shares of the company’s stock, valued at $50,422.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 24.52% of the company’s stock.

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.