Highland Global Allocation Fund (NASDAQ:HGLB) Stock to Pay Monthly Dividend of $0.09

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Thursday, October 1st. Shareholders of record on Monday, November 23rd will be paid a dividend of $0.0850 per share on Monday, November 30th. This represents a $1.02 annualized dividend and a yield of 15.1%. The ex-dividend date of this dividend is Monday, November 23rd.

Highland Global Allocation Fund Stock Up 1.0%

Shares of HGLB stock traded up $0.07 during trading hours on Friday, hitting $6.76. The company’s stock had a trading volume of 3,031 shares, compared to its average volume of 80,904. The company has a 50 day moving average of $7.34 and a 200 day moving average of $7.72. Highland Global Allocation Fund has a 12-month low of $6.50 and a 12-month high of $10.64.

Highland Global Allocation Fund Company Profile

Highland Global Allocation Fund (NASDAQ: HGLB) is a diversified, closed-end management investment company. The fund seeks to provide investors with long-term total return by allocating its portfolio across global markets and multiple asset classes.

Its investments may include equity securities, fixed-income securities, investment company securities and other instruments issued by companies and governments in the United States and international markets. The fund’s flexible mandate allows its portfolio allocation to change in response to market conditions and the investment team’s assessment of opportunities and risks.

Highland Global Allocation Fund is advised by Highland Capital Management Fund Advisors, L.P.