Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Shareholders of record on Tuesday, June 23rd will be given a dividend of 0.085 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 13.2%. The ex-dividend date is Tuesday, June 23rd.
Highland Global Allocation Fund Stock Performance
Shares of HGLB stock opened at $7.72 on Friday. The firm has a fifty day moving average of $8.06 and a 200-day moving average of $8.56. Highland Global Allocation Fund has a 52-week low of $7.53 and a 52-week high of $10.64.
Highland Global Allocation Fund Company Profile
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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