AllianceBernstein Global High Income Fund (AWF) to Issue Monthly Dividend of $0.07 on May 17th

AllianceBernstein Global High Income Fund (NYSE:AWF) declared a monthly dividend on Tuesday, April 23rd, Wall Street Journal reports. Shareholders of record on Friday, May 3rd will be paid a dividend of 0.0655 per share by the closed-end fund on Friday, May 17th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.66%. The ex-dividend date is Thursday, May 2nd.

AllianceBernstein Global High Income Fund has decreased its dividend by an average of 0.9% per year over the last three years.

AllianceBernstein Global High Income Fund Stock Performance

Shares of NYSE:AWF traded down $0.01 on Thursday, reaching $10.27. The company’s stock had a trading volume of 272,673 shares, compared to its average volume of 199,655. AllianceBernstein Global High Income Fund has a 52-week low of $9.20 and a 52-week high of $10.71. The company has a 50-day simple moving average of $10.41 and a 200 day simple moving average of $10.08.

Insider Transactions at AllianceBernstein Global High Income Fund

In other news, insider Emilie D. Wrapp bought 2,393 shares of the stock in a transaction dated Monday, March 18th. The stock was purchased at an average price of $10.45 per share, for a total transaction of $25,006.85. Following the acquisition, the insider now owns 2,393 shares of the company’s stock, valued at $25,006.85. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

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.