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

Highland Global Allocation Fund (NASDAQ:HGLB) declared a monthly dividend on Wednesday, July 3rd, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 12.79%. The ex-dividend date is Friday, August 23rd.

Highland Global Allocation Fund Stock Performance

Highland Global Allocation Fund stock opened at $7.60 on Friday. The firm has a 50 day moving average price of $7.36 and a 200 day moving average price of $7.64. Highland Global Allocation Fund has a 1 year low of $6.42 and a 1 year high of $8.75.

Insider Activity at Highland Global Allocation Fund

In other Highland Global Allocation Fund news, Director Ethan Powell bought 6,750 shares of the company’s stock in a transaction that occurred on Friday, June 28th. The stock was purchased at an average price of $7.47 per share, with a total value of $50,422.50. Following the transaction, the director now owns 6,750 shares in the company, valued at $50,422.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 24.52% of the stock is owned by insiders.

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.