Highland Global Allocation Fund (NASDAQ:HGLB) Shareholders to Collect $0.09 Monthly Dividend

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Friday, October 23rd will be given a dividend of $0.0850 per share on Friday, October 30th. This represents a $1.02 annualized dividend and a dividend yield of 15.2%. The ex-dividend date of this dividend is Friday, October 23rd.

Highland Global Allocation Fund Trading Up 0.2%

Shares of Highland Global Allocation Fund stock opened at $6.71 on Friday. Highland Global Allocation Fund has a 1 year low of $6.50 and a 1 year high of $10.64. The firm’s 50-day moving average is $7.34 and its 200 day moving average is $7.72.

Highland Global Allocation Fund Company Profile

Highland Global Allocation Fund (NASDAQ: HGLB) is a diversified, closed-end management investment company. The fund seeks to provide investors with long-term total return by allocating its portfolio across global markets and multiple asset classes.

Its investments may include equity securities, fixed-income securities, investment company securities and other instruments issued by companies and governments in the United States and international markets. The fund’s flexible mandate allows its portfolio allocation to change in response to market conditions and the investment team’s assessment of opportunities and risks.

Highland Global Allocation Fund is advised by Highland Capital Management Fund Advisors, L.P.