Highland Global Allocation Fund (HGLB) To Go Ex-Dividend on April 23rd
by Teresa Graham · The Cerbat GemHighland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Investors of record on Thursday, April 23rd will be given a dividend of 0.085 per share on Thursday, April 30th. This represents a c) annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend is Thursday, April 23rd.
Highland Global Allocation Fund Price Performance
HGLB stock remained flat at $8.33 during trading on Tuesday. The company had a trading volume of 26,628 shares, compared to its average volume of 70,475. Highland Global Allocation Fund has a fifty-two week low of $7.35 and a fifty-two week high of $10.64. The business’s fifty day simple moving average is $8.46 and its 200 day simple moving average is $9.11.
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.