Highland Global Allocation Fund (HGLB) to Issue Monthly Dividend of $0.09 on June 30th

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Wednesday, April 2nd, Wall Street Journal reports. Stockholders of record on Monday, June 23rd will be given a dividend of 0.088 per share on Monday, June 30th. This represents a $1.06 annualized dividend and a dividend yield of 12.97%. The ex-dividend date of this dividend is Monday, June 23rd.

Highland Global Allocation Fund has increased its dividend by an average of 4.3% annually over the last three years.

Highland Global Allocation Fund Stock Down 1.7 %

Shares of NASDAQ HGLB opened at $8.15 on Friday. Highland Global Allocation Fund has a 1-year low of $6.75 and a 1-year high of $8.44. The business’s fifty day moving average price is $8.15 and its two-hundred day moving average price is $7.80.

Institutional Trading of Highland Global Allocation Fund

An institutional investor recently bought a new position in Highland Global Allocation Fund stock. Bank of America Corp DE purchased a new stake in shares of Highland Global Allocation Fund (NASDAQ:HGLB) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,686 shares of the company’s stock, valued at approximately $32,000. Hedge funds and other institutional investors own 28.79% of the company’s stock.

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.