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

Posted by MarketBeat News on Sep 6th, 2023

AllianceBernstein Global High Income Fund (NYSE:AWF – Get Free Report) declared a monthly dividend on Wednesday, August 30th, Wall Street Journal reports. Investors of record on Friday, September 8th will be paid a dividend of 0.0655 per share by the closed-end fund on Friday, September 22nd. This represents a $0.79 dividend on an annualized basis and a yield of 7.90%. The ex-dividend date of this dividend is Thursday, September 7th.

AllianceBernstein Global High Income Fund has raised its dividend payment by an average of 2.0% per year over the last three years.

AllianceBernstein Global High Income Fund Price Performance

Shares of AWF opened at $9.95 on Wednesday. AllianceBernstein Global High Income Fund has a one year low of $8.76 and a one year high of $10.35. The stock has a 50-day moving average price of $9.89 and a 200 day moving average price of $9.81.

Institutional Inflows and Outflows

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Institutional investors and hedge funds have recently bought and sold shares of the business. Money Concepts Capital Corp purchased a new position in AllianceBernstein Global High Income Fund in the fourth quarter valued at about $28,000. BNP Paribas Arbitrage SNC purchased a new position in AllianceBernstein Global High Income Fund in the third quarter valued at about $35,000. Quantedge Capital Pte Ltd acquired a new stake in AllianceBernstein Global High Income Fund during the first quarter valued at approximately $114,000. Northern Trust Corp acquired a new stake in AllianceBernstein Global High Income Fund during the second quarter valued at approximately $100,000. Finally, Kestra Advisory Services LLC acquired a new stake in AllianceBernstein Global High Income Fund during the second quarter valued at approximately $106,000.

AllianceBernstein Global High Income Fund Company Profile

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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.