Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Monday, August 24th will be paid a dividend of 0.085 per share on Monday, August 31st. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date of this dividend is Monday, August 24th.
Highland Global Allocation Fund Trading Up 1.4%
Highland Global Allocation Fund stock opened at $7.62 on Thursday. The stock has a 50-day moving average of $7.94 and a two-hundred day moving average of $8.43. Highland Global Allocation Fund has a one year low of $7.26 and a one year 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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