Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Thursday, April 23rd will be given a dividend of 0.085 per share on Thursday, April 30th. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Thursday, April 23rd.
Highland Global Allocation Fund Price Performance
Shares of HGLB stock opened at $8.32 on Tuesday. The firm has a fifty day moving average price of $8.46 and a 200-day moving average price of $9.11. Highland Global Allocation Fund has a 1 year low of $7.23 and a 1 year high of $10.64.
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.
Further Reading
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