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

Highland Global Allocation Fund (NASDAQ:HGLB) announced a monthly dividend on Monday, July 1st, Wall Street Journal reports. Stockholders of record on Monday, September 23rd will be given a dividend of 0.081 per share on Monday, September 30th. This represents a $0.97 annualized dividend and a dividend yield of 12.45%. The ex-dividend date is Monday, September 23rd.

Highland Global Allocation Fund Price Performance

Shares of NASDAQ:HGLB opened at $7.81 on Friday. The company’s 50-day moving average is $7.73 and its 200 day moving average is $7.53. Highland Global Allocation Fund has a fifty-two week low of $6.42 and a fifty-two week high of $8.48.

Insider Buying and Selling

In related news, Director Ethan Powell purchased 6,750 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The shares were bought at an average cost of $7.47 per share, with a total value of $50,422.50. Following the acquisition, the director now owns 6,750 shares of the company’s stock, valued at $50,422.50. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 24.52% of the stock is owned by insiders.

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.