Highland Global Allocation Fund (NASDAQ:HGLB) Declares Monthly Dividend of $0.08

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Stockholders of record on Friday, August 23rd will be given a dividend of 0.081 per share on Friday, August 30th. This represents a $0.97 dividend on an annualized basis and a dividend yield of 12.79%. The ex-dividend date is Friday, August 23rd.

Highland Global Allocation Fund Stock Up 0.3 %

Shares of HGLB traded up $0.02 during midday trading on Wednesday, reaching $7.60. 16,267 shares of the stock were exchanged, compared to its average volume of 78,387. Highland Global Allocation Fund has a 12-month low of $6.42 and a 12-month high of $8.75. The firm has a 50 day simple moving average of $7.34 and a 200-day simple moving average of $7.64.

Insider Transactions at Highland Global Allocation Fund

In other news, Director Ethan Powell purchased 6,750 shares of the business’s stock in a transaction dated Friday, June 28th. The stock was bought at an average cost of $7.47 per share, with a total value of $50,422.50. Following the purchase, the director now directly owns 6,750 shares of the company’s stock, valued at $50,422.50. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 24.52% of the company’s stock.

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.