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

Highland Global Allocation Fund (NASDAQ:HGLB) announced 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 dividend on an annualized basis and a yield of 12.61%. The ex-dividend date of this dividend is Friday, August 23rd.

Highland Global Allocation Fund Trading Down 0.4 %

HGLB opened at $7.71 on Wednesday. Highland Global Allocation Fund has a twelve month low of $6.42 and a twelve month high of $8.64. The company’s 50-day moving average price is $7.58 and its two-hundred day moving average price is $7.56.

Insider Activity at Highland Global Allocation Fund

In other news, Director Ethan Powell bought 6,750 shares of the firm’s stock in a transaction on Friday, June 28th. The stock was acquired at an average cost of $7.47 per share, with a total value of $50,422.50. Following the completion of the transaction, the director now directly owns 6,750 shares of the company’s stock, valued at approximately $50,422.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 24.52% of the stock is owned by company 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.