AllianceBernstein Global High Income Fund (NYSE:AWF) Announces Monthly Dividend of $0.07

AllianceBernstein Global High Income Fund (NYSE:AWF) announced a monthly dividend on Tuesday, March 26th, NASDAQ reports. Investors of record on Friday, April 5th will be given a dividend of 0.0655 per share by the closed-end fund on Friday, April 19th. This represents a $0.79 annualized dividend and a yield of 7.38%. The ex-dividend date is Thursday, April 4th.

AllianceBernstein Global High Income Fund Stock Performance

NYSE:AWF traded up $0.05 during mid-day trading on Wednesday, hitting $10.65. 181,680 shares of the stock were exchanged, compared to its average volume of 191,533. The firm’s 50-day simple moving average is $10.41 and its 200 day simple moving average is $9.99. AllianceBernstein Global High Income Fund has a fifty-two week low of $9.20 and a fifty-two week high of $10.67.

Insider Buying and Selling

In related news, insider Emilie D. Wrapp acquired 2,393 shares of the stock in a transaction on Monday, March 18th. The shares were purchased at an average price of $10.45 per share, for a total transaction of $25,006.85. Following the purchase, the insider now directly owns 2,393 shares in the company, valued at $25,006.85. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last ninety days, insiders bought 4,831 shares of company stock valued at $49,814. Insiders own 1.00% of the company’s stock.

Hedge Funds Weigh In On AllianceBernstein Global High Income Fund

Hedge funds and other institutional investors have recently modified their holdings of the business. Money Concepts Capital Corp acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 4th quarter valued at $28,000. BNP Paribas Arbitrage SNC acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at $35,000. Comerica Bank acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at $45,000. Jane Street Group LLC acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 3rd quarter valued at $96,000. Finally, Northern Trust Corp acquired a new stake in shares of AllianceBernstein Global High Income Fund during the 2nd quarter valued at $100,000.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund is a close-ended fixed income mutual fund launched and managed by AllianceBernstein L.P. It invests in fixed income markets across the globe. The fund primarily invests in lower-rated corporate debt securities and government bonds. It employs a combination of fundamental and quantitative analysis to create its portfolio.