Highland Global Allocation Fund (HGLB) declared a monthly dividend of $0.0850 per share on October 1, payable October 30 to holders of record on October 23, the ex-dividend date. The payout annualizes to $1.02, a yield of 15.6%. The stock opened at $6.53 on Wednesday, with a 12-month range of $6.32 to $10.64, and sits below its 50-day moving average of $7.10 and 200-day average of $7.57. The fund is a closed-end investment vehicle seeking total return through a globally diversified portfolio of securities.
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