Highland Global Allocation Fund
HGLBFinancial Services · Stock · monthly payer
Forward Yield
13.64%
Annual Dividend
$1.02
Payout Ratio
262%
5-Yr Growth
0.9%
Ex-Date
Jul 24, 2026
Frequency
Monthly
Summary
As of July 2026, Highland Global Allocation Fund (HGLB) yields 13.64% ($1.02 per share annually), with a blended fair-value estimate of $12.07 — +61% upside, so it screens as undervalued. Dividend safety grade: D (49/100). 1 years of dividend growth.
Is HGLB a good dividend stock?
MixedHighland Global Allocation Fund (HGLB) pays a monthly dividend yielding 13.64% ($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 (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
- 13.64%
- Payout Ratio
- 262%
- Annual Dividend
- $1.02
- 5-Yr Avg Growth
- 0.9%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 1
- Frequency
- monthly
- Beta
- —
- Market Cap
- $176.5M
- P/E Ratio
- 18.7
- 5-Yr Total Return
- -24%
- 52-Week Range
- $7.26 – $10.64
- Dividend Safety
- D · 49/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
HGLB Price — Last 12 Months
Daily close
Price Return
1 Year
-13%
3 Years
-6%
5 Years
-24%
52-Week Range
$7.26 – $10.64
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HGLB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Highland Global Allocation Fund is $12.07 per share, versus a market price of $7.48. That implies 61% of upside — a margin of safety of about 38%.
Fair Value
$12.07
Current Price
$7.48
Upside
+61%
Margin of Safety
38%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 0.9% — below our estimate, leaving room for upside if the business executes.
Assumptions: 9.3% discount rate (CAPM), 0.9% stage-1 growth, 2.5% terminal growth, $0.40 EPS, $1.02 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HGLB Dividend Safety Score
Risky
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 23, 2026 | — | $0.0850 | regular |
| 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 |
Income Calculator
At $1.02 / yr per share
