Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, September 23rd will be given a dividend of 0.085 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 13.4%. The ex-dividend date is Wednesday, September 23rd.
Highland Global Allocation Fund Trading Down 0.4%
Shares of Highland Global Allocation Fund stock opened at $7.60 on Friday. The company has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $8.42. Highland Global Allocation Fund has a one year low of $7.26 and a one 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.
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