Highland Global Allocation Fund (NASDAQ:HGLB) to Issue Monthly Dividend of $0.08
by Tristan Rich · The Markets DailyHighland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) declared a monthly dividend on Friday, October 4th, Wall Street Journal reports. Shareholders of record on Tuesday, December 24th will be paid a dividend of 0.081 per share on Tuesday, December 31st. This represents a $0.97 annualized dividend and a yield of 12.33%. The ex-dividend date of this dividend is Tuesday, December 24th.
Highland Global Allocation Fund Trading Up 0.4 %
Shares of NASDAQ HGLB opened at $7.89 on Friday. Highland Global Allocation Fund has a 1 year low of $6.42 and a 1 year high of $8.48. The company’s 50-day moving average is $7.75 and its 200 day moving average is $7.54.
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.
Further Reading
- Five stocks we like better than Highland Global Allocation Fund
- Investing in Commodities: What Are They? How to Invest in Them
- 3 Key Stocks to Ride China’s Stimulus-Driven Growth
- Financial Services Stocks Investing
- 3 Dividend Growth Stocks Set to Supercharge Your Portfolio
- What Makes a Stock a Good Dividend Stock?
- 3 Small-Cap Stocks on the Way to Bigger and Better Days