AllianceBernstein Global High Income Fund (NYSE:AWF) to Issue Dividend Increase – $0.07 Per Share

AllianceBernstein Global High Income Fund (NYSE:AWF) declared a monthly dividend on Tuesday, January 28th,Wall Street Journal reports. Investors of record on Thursday, February 6th will be paid a dividend of 0.0655 per share by the closed-end fund on Friday, February 21st. This represents a $0.79 annualized dividend and a yield of 7.25%. The ex-dividend date of this dividend is Thursday, February 6th. This is an increase from AllianceBernstein Global High Income Fund’s previous monthly dividend of $0.02.

AllianceBernstein Global High Income Fund Stock Down 0.4 %

Shares of AllianceBernstein Global High Income Fund stock traded down $0.05 during trading hours on Tuesday, reaching $10.84. The company’s stock had a trading volume of 156,045 shares, compared to its average volume of 224,526. The stock’s fifty day simple moving average is $10.79 and its two-hundred day simple moving average is $10.88. AllianceBernstein Global High Income Fund has a one year low of $9.97 and a one year high of $11.36.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.