AllianceBernstein Global High Income Fund (NYSE:AWF) to Issue Monthly Dividend of $0.07

AllianceBernstein Global High Income Fund (NYSE:AWF) declared a monthly dividend on Thursday, April 25th, Wall Street Journal reports. Investors of record on Friday, May 3rd will be paid a dividend of 0.0655 per share by the closed-end fund on Friday, May 17th. This represents a $0.79 annualized dividend and a yield of 7.65%. The ex-dividend date of this dividend is Thursday, May 2nd.

AllianceBernstein Global High Income Fund has decreased its dividend payment by an average of 0.9% per year over the last three years.

AllianceBernstein Global High Income Fund Stock Down 0.1 %

AWF stock traded down $0.01 during midday trading on Thursday, hitting $10.27. The stock had a trading volume of 272,673 shares, compared to its average volume of 199,655. The stock has a 50-day simple moving average of $10.41 and a 200 day simple moving average of $10.08. AllianceBernstein Global High Income Fund has a 52 week low of $9.20 and a 52 week high of $10.71.

Insider Buying and Selling at AllianceBernstein Global High Income Fund

In related news, insider Emilie D. Wrapp acquired 2,393 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average cost of $10.45 per share, with a total value of $25,006.85. Following the completion of the acquisition, the insider now owns 2,393 shares in the company, valued at $25,006.85. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.