Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Tuesday, June 23rd will be given a dividend of 0.085 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 13.2%. The ex-dividend date of this dividend is Tuesday, June 23rd.
Highland Global Allocation Fund Stock Performance
Shares of NASDAQ HGLB opened at $7.72 on Friday. Highland Global Allocation Fund has a one year low of $7.53 and a one year high of $10.64. The business’s 50-day moving average price is $8.06 and its two-hundred day moving average price is $8.56.
About Highland Global Allocation Fund
The Highland Global Allocation Fund (NASDAQ:HGLB) is a diversified, closed-end interval fund that seeks to provide total return through a combination of current income and capital appreciation. Managed by Highland Capital Management, the fund pursues a multi-asset strategy, allocating across global equities, fixed income instruments, and alternative investments. Its flexible mandate allows the portfolio team to shift exposures between regions and asset classes in response to changing market conditions.
The fund’s investment approach emphasizes risk management and diversification.
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