Highland Global Allocation Fund
HGLBFinancial Services · Stock · monthly payer
$7.97
Add to PortfolioForward Yield
13.02%
Annual Dividend
$1.04
Payout Ratio
262%
5-Yr Growth
0.9%
Ex-Date
Jun 23, 2026
Frequency
Monthly
HGLB Dividend Safety Score
43/ 100
Grade D
Risky
Dividend-growth streak1 consecutive years of growth
Cut historyCut its dividend in 2024
Earnings payout coverage262% of earnings paid out
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is HGLB a good dividend stock?
MixedHighland Global Allocation Fund (HGLB) pays a monthly dividend yielding 13.02% ($1.04/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 (262%)
- 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
- 13.02%
- Payout Ratio
- 262%
- Annual Dividend
- $1.04
- 5-Yr Avg Growth
- 0.9%
- Ex-Dividend Date
- Jun 23, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- —
- Market Cap
- $188.0M
- P/E Ratio
- 19.9
- 5-Yr Total Return
- -12%
- 52-Week Range
- $7.53 – $10.64
- Dividend Safety
- D · 43/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 22, 2026 | — | $0.0850 | regular |
| Apr 23, 2026 | — | $0.0850 | regular |
| Mar 24, 2026 | — | $0.0850 | regular |
| Feb 20, 2026 | — | $0.0850 | regular |
| Jan 23, 2026 | — | $0.0850 | regular |
| Dec 24, 2025 | — | $0.0880 | regular |
| Nov 21, 2025 | — | $0.0880 | regular |
| Oct 24, 2025 | — | $0.0880 | regular |
| Sep 23, 2025 | — | $0.0880 | regular |
| Aug 22, 2025 | — | $0.0880 | regular |
| Jul 24, 2025 | — | $0.0880 | regular |
| Jun 23, 2025 | — | $0.0880 | regular |
| May 23, 2025 | — | $0.0880 | regular |
| Apr 23, 2025 | — | $0.0880 | regular |
Income Calculator
At $1.04 / yr per share
Per payment (monthly)$8.67
Annual$104.00
Monthly avg$8.67
