SmarterDividends
HGLB

Highland Global Allocation Fund

HGLB

Financial Services · Asset Management · Stock · monthly payer

$6.21

Undervalued · +51% Add to Portfolio

Forward Yield

16.43%

Annual Dividend

$1.02

Payout Ratio

268%

5-Yr Growth

0.9%

Ex-Date

Nov 23, 2026

Frequency

Monthly

Key facts about HGLB's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, Highland Global Allocation Fund (HGLB) has a forward dividend yield of 16.43%, based on an annual dividend of $1.02 per share and a share price of $6.21.
  • As of Oct 27, 2026, HGLB's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
  • HGLB last cut its regular dividend in 2024.
  • HGLB's next ex-dividend date is Nov 23, 2026, with payment on Nov 30, 2026. Shares must be owned before that date to receive the dividend.
  • As of Oct 27, 2026, HGLB pays out 268% of its trailing 12-month earnings as dividends (its payout ratio).
  • HGLB's dividend has grown at an average rate of 0.9% a year over the past five years.
  • As of Oct 27, 2026, HGLB's 16.43% yield is 46% above its five-year average yield of 11.24%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for HGLB is $9.36 per share, 51% above the $6.21 share price, so HGLB screens as undervalued.
  • Highland Global Allocation Fund (HGLB) pays its dividend monthly, 12 times a year.
  • Highland Global Allocation Fund (HGLB) has raised its regular dividend 3 times and cut it 4 times across the 92 payments on record since 2019. Its most recent change was a 3.4% cut to $0.0850 per share, going ex-dividend on Jan 23, 2026.
  • Highland Global Allocation Fund (HGLB) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 8.6%, was declared on Jan 2, 2025.
Cite this page

SmarterDividends, "HGLB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/HGLB

Summary

As of Oct 27, 2026, Highland Global Allocation Fund (HGLB) yields 16.43% ($1.02 a year per share) and has a dividend safety grade of D (46/100).

Is HGLB a good dividend stock?

Mixed

Highland Global Allocation Fund (HGLB) pays a monthly dividend yielding 16.43% ($1.02/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

    Risks

    • Cut its dividend in 2024
    • Elevated payout ratio (268%)
    • Very high yield can signal elevated risk
    • Share price is down over the past 5 years
    • Below-average dividend safety score

    Key Data

    Dividend Yield
    16.43%
    Payout Ratio
    268%
    Annual Dividend
    $1.02
    5-Yr Avg Growth
    0.9%
    Ex-Dividend Date
    Nov 23, 2026
    Years of Growth
    1
    Frequency
    monthly
    Beta
    —
    Market Cap
    $146.5M
    P/E Ratio
    15.5
    5-Yr Total Return
    -29%
    52-Week Range
    $6.30 – $10.64
    Dividend Safety
    D · 46/100
    Ever Cut?
    Yes (2024)

    HGLB dividend raises and cuts

    Highland Global Allocation Fund (HGLB) has raised its regular dividend 3 times and cut it 4 times across the 92 payments on record since 2019. Its most recent change was a 3.4% cut to $0.0850 per share, going ex-dividend on Jan 23, 2026.

    Ex-dateChangeOld → newMove
    Jan 23, 2026Cut$0.0880 → $0.0850−3.4%
    Jan 24, 2025Raise$0.0810 → $0.0880+8.6%
    Jan 23, 2024Cut$0.0840 → $0.0810−3.6%
    Jan 20, 2023Raise$0.0810 → $0.0840+3.7%
    Jan 21, 2022Raise$0.0710 → $0.0810+14.1%
    Jan 25, 2021Cut$0.0840 → $0.0710−15.5%
    Jan 23, 2020Cut$0.106 → $0.0840−20.8%
    Every HGLB payment →Download every raise and cut (CSV)
    HGLB ex-dividend date & scheduleNext ex-date Nov 23, 2026 · full ex-dividend historyView →HGLB dividend historyEvery payment, totals by year, raises and cutsView →

    Frequently Asked Questions

    Is HGLB a good dividend stock?

    Mixed. Highland Global Allocation Fund (HGLB) pays a monthly dividend yielding 16.43% ($1.02/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

    Is HGLB undervalued?

    Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HGLB's fair value is about $9.36 versus a $6.21 share price — so it looks undervalued (+51% vs. fair value).

    Is HGLB's dividend safe?

    HGLB has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 1-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

    What is HGLB's fair value?

    Our blended fair-value estimate for HGLB is about $9.36 per share, roughly 51% above the current $6.21 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

    Is HGLB a buy, hold, or sell?

    We don't issue formal ratings, but on the data HGLB screens as "mixed" and undervalued. Highland Global Allocation Fund (HGLB) pays a monthly dividend yielding 16.43% ($1.02/yr), with 1 year of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

    Will HGLB cut its dividend?

    HGLB earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

    Does HGLB pay a dividend?

    Yes. Highland Global Allocation Fund pays a monthly dividend of about $1.02 per share annually, a forward yield of roughly 16.43%.

    What is HGLB's dividend yield?

    As of Oct 27, 2026, HGLB's forward dividend yield is 16.43%, based on a $1.02 annual dividend and a $6.21 share price.

    What is HGLB's dividend per share?

    As of Oct 27, 2026, HGLB pays $1.02 per share per year, distributed on a monthly basis.

    What is HGLB's dividend payout ratio?

    As of Oct 27, 2026, HGLB's payout ratio is 268% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

    How many years has HGLB grown its dividend?

    As of Oct 27, 2026, HGLB has increased its dividend for 1 consecutive years.

    When is the next HGLB ex-dividend date?

    As of Oct 27, 2026, the next ex-dividend date on record for HGLB is Nov 23, 2026.

    Income Calculator

    At $1.02 / yr per share

    Per payment (monthly)$8.50
    Annual$102.00
    Monthly avg$8.50

    Similar Dividend Stocks

    JPMJPMJPMorgan Chase & Co.1.98%Financial ServicesVVVisa Inc.0.66%Financial ServicesMAMAMastercard Incorporated0.57%Financial ServicesBACBACBank of America Corporation2.53%Financial Services

    Compare HGLB

    HGLB vs JPMHGLB vs VHGLB vs MAHGLB vs BAC

    Explore more

    Lists and tools related to HGLB