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

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Monday, January 6th, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be paid 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 increased its dividend payment by an average of 4.3% annually over the last three years.

Highland Global Allocation Fund Price Performance

HGLB stock opened at $8.26 on Friday. The firm has a 50 day simple moving average of $8.03 and a two-hundred day simple moving average of $7.77. Highland Global Allocation Fund has a one year low of $6.75 and a one year high of $8.39.

Institutional Investors 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 purchased a new position in shares of Highland Global Allocation Fund (NASDAQ:HGLB) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 4,686 shares of the company’s stock, valued at approximately $32,000. 28.79% of the stock is owned by hedge funds and other institutional investors.

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.