AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF) to Issue $0.07 Monthly Dividend

Key Points

• AllianceBernstein Global High Income Fund, Inc. has declared a monthly dividend of $0.0655 per share, payable on November 21, 2023, with an ex-dividend date of November 6, highlighting a 7.1% annual yield.
• As of Thursday, the fund's stock is priced at $11.07, with a 52-week range between $9.30 and $11.43, indicating stable trading activity.
• Several institutional investors, including Gridiron Partners LLC and Invesco Ltd., have recently increased their stakes in the fund, indicating growing confidence from the investment community.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) declared a monthly dividend on Wednesday, October 22nd. Shareholders of record on Thursday, November 6th will be given a dividend of 0.0655 per share by the closed-end fund on Friday, November 21st. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Thursday, November 6th.

AllianceBernstein Global High Income Fund Trading Up 0.3%

AllianceBernstein Global High Income Fund stock opened at $11.07 on Thursday. The stock has a fifty day moving average price of $11.18 and a two-hundred day moving average price of $10.90. AllianceBernstein Global High Income Fund has a 52-week low of $9.30 and a 52-week high of $11.43.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Gridiron Partners LLC acquired a new position in AllianceBernstein Global High Income Fund during the third quarter worth $463,000. Huntleigh Advisors Inc. acquired a new stake in shares of AllianceBernstein Global High Income Fund in the first quarter valued at $13,519,000. Royal Bank of Canada increased its stake in shares of AllianceBernstein Global High Income Fund by 1.0% in the first quarter. Royal Bank of Canada now owns 1,072,359 shares of the closed-end fund's stock valued at $11,507,000 after buying an additional 11,022 shares in the last quarter. Invesco Ltd. increased its stake in shares of AllianceBernstein Global High Income Fund by 22.5% in the first quarter. Invesco Ltd. now owns 1,058,145 shares of the closed-end fund's stock valued at $11,354,000 after buying an additional 194,351 shares in the last quarter. Finally, LPL Financial LLC increased its stake in shares of AllianceBernstein Global High Income Fund by 3.9% in the first quarter. LPL Financial LLC now owns 960,855 shares of the closed-end fund's stock valued at $10,310,000 after buying an additional 35,714 shares in the last quarter.

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.

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