Highland Global Allocation Fund (NASDAQ:HGLB – Get Free Report) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Friday, February 20th will be paid a dividend of 0.085 per share on Friday, February 27th. This represents a c) dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date of this dividend is Friday, February 20th.
Highland Global Allocation Fund Price Performance
NASDAQ HGLB opened at $8.87 on Wednesday. The business’s fifty day moving average price is $8.98 and its 200-day moving average price is $9.19. Highland Global Allocation Fund has a 1-year low of $6.62 and a 1-year high of $10.64.
About Highland Global Allocation Fund
The Highland Global Allocation Fund (NASDAQ:HGLB) is a diversified, closed-end interval fund that seeks to provide total return through a combination of current income and capital appreciation. Managed by Highland Capital Management, the fund pursues a multi-asset strategy, allocating across global equities, fixed income instruments, and alternative investments. Its flexible mandate allows the portfolio team to shift exposures between regions and asset classes in response to changing market conditions.
The fund’s investment approach emphasizes risk management and diversification.
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