Highland Global Allocation Fund (NASDAQ:HGLB) Announces $0.09 Monthly Dividend

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Monday, January 6th, Wall Street Journal reports. Investors of record on Monday, March 24th will be given a dividend of 0.088 per share on Monday, March 31st. This represents a $1.06 annualized dividend and a dividend yield of 12.78%. The ex-dividend date of this dividend is Monday, March 24th.

Highland Global Allocation Fund has increased its dividend by an average of 4.3% per year over the last three years.

Highland Global Allocation Fund Trading Up 0.9 %

NASDAQ HGLB opened at $8.26 on Friday. Highland Global Allocation Fund has a fifty-two week low of $6.75 and a fifty-two week high of $8.39. The stock has a 50 day simple moving average of $8.03 and a two-hundred day simple moving average of $7.77.

Institutional Trading of Highland Global Allocation Fund

A hedge fund recently bought a new stake in Highland Global Allocation Fund stock. Bank of America Corp DE bought a new stake in shares of Highland Global Allocation Fund (NASDAQ:HGLB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,686 shares of the company’s stock, valued at approximately $32,000. Institutional investors and hedge funds own 28.79% of the company’s stock.

About Highland Global Allocation Fund

Highland Global Allocation Fund is a closed-end fund designed to provide low correlation to U.S. equity market.

Thr fund applies global thematic investment style, pursuing investments that management team views as undervalued, built around high-conviction themes.