AllianceBernstein Global High Income Fund (NYSE:AWF) Plans $0.07 Monthly Dividend

AllianceBernstein Global High Income Fund (NYSE:AWF) announced a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Investors of record on Friday, May 3rd will be given a dividend of 0.0655 per share by the closed-end fund on Friday, May 17th. This represents a $0.79 annualized dividend and a yield of 7.55%. The ex-dividend date is Thursday, May 2nd.

AllianceBernstein Global High Income Fund has decreased its dividend payment by an average of 0.9% per year over the last three years.

AllianceBernstein Global High Income Fund Stock Performance

AllianceBernstein Global High Income Fund stock opened at $10.41 on Tuesday. AllianceBernstein Global High Income Fund has a 12 month low of $9.20 and a 12 month high of $10.71. The stock’s 50 day simple moving average is $10.41 and its two-hundred day simple moving average is $10.10.

Insider Buying and Selling

In other news, insider Emilie D. Wrapp acquired 2,393 shares of the business’s stock in a transaction on Monday, March 18th. The stock was bought at an average price of $10.45 per share, with a total value of $25,006.85. Following the completion of the acquisition, the insider now owns 2,393 shares of the company’s stock, valued at $25,006.85. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by insiders.

AllianceBernstein Global High Income Fund Company Profile

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.