Highland Global Allocation Fund (HGLB) to Issue Monthly Dividend of $0.09 on March 31st

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Thursday, January 2nd, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.088 per share on Monday, March 31st. This represents a $1.06 annualized dividend and a dividend yield of 12.78%. The ex-dividend date of this dividend is Monday, March 24th.

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

Highland Global Allocation Fund Price Performance

HGLB opened at $8.26 on Friday. Highland Global Allocation Fund has a 12-month low of $6.75 and a 12-month high of $8.39. The company’s 50 day moving average is $8.03 and its 200 day moving average is $7.77.

Hedge Funds Weigh In On Highland Global Allocation Fund

A hedge fund recently bought a new stake in Highland Global Allocation Fund stock. Bank of America Corp DE acquired a new stake in shares of Highland Global Allocation Fund (NASDAQ:HGLB) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 4,686 shares of the company’s stock, valued at approximately $32,000. 28.79% of the stock is owned by institutional investors and hedge funds.

Highland Global Allocation Fund Company Profile

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.