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

AllianceBernstein Global High Income Fund (NYSE:AWF – Get Rating) declared a monthly dividend on Wednesday, April 27th, Wall Street Journal reports. Stockholders of record on Friday, May 6th will be paid a dividend of 0.0655 per share by the closed-end fund on Friday, May 20th. This represents a $0.79 annualized dividend and a dividend yield of 7.69%. The ex-dividend date of this dividend is Thursday, May 5th.

AllianceBernstein Global High Income Fund has decreased its dividend by an average of 2.1% annually over the last three years.

Shares of NYSE AWF opened at $10.22 on Thursday. AllianceBernstein Global High Income Fund has a fifty-two week low of $10.16 and a fifty-two week high of $12.63. The stock has a fifty day moving average of $10.74 and a 200-day moving average of $11.55.

A number of large investors have recently bought and sold shares of the stock. Parametric Portfolio Associates LLC boosted its stake in AllianceBernstein Global High Income Fund by 5.0% during the fourth quarter. Parametric Portfolio Associates LLC now owns 2,922,503 shares of the closed-end fund’s stock valued at $35,450,000 after buying an additional 139,967 shares during the period. Wells Fargo & Company MN boosted its stake in AllianceBernstein Global High Income Fund by 0.4% during the fourth quarter. Wells Fargo & Company MN now owns 457,072 shares of the closed-end fund’s stock valued at $5,545,000 after buying an additional 1,639 shares during the period. Thrivent Financial for Lutherans boosted its stake in AllianceBernstein Global High Income Fund by 13.5% during the fourth quarter. Thrivent Financial for Lutherans now owns 330,458 shares of the closed-end fund’s stock valued at $4,008,000 after buying an additional 39,200 shares during the period. Stifel Financial Corp boosted its stake in AllianceBernstein Global High Income Fund by 11.6% during the fourth quarter. Stifel Financial Corp now owns 64,364 shares of the closed-end fund’s stock valued at $781,000 after buying an additional 6,715 shares during the period. Finally, NEXT Financial Group Inc boosted its stake in AllianceBernstein Global High Income Fund by 86.8% during the fourth quarter. NEXT Financial Group Inc now owns 56,979 shares of the closed-end fund’s stock valued at $691,000 after buying an additional 26,473 shares during the period. 22.14% of the stock is owned by institutional investors.

AllianceBernstein Global High Income Fund Company Profile (Get Rating)

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.

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