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

Key Points

• AllianceBernstein Global High Income Fund declared a monthly dividend of $0.0655 per share, payable October 16 to shareholders of record October 1. The payment implies an annualized yield of approximately 7.9%.
• AWF opened at $9.96 and was trading near the lower end of its 52-week range of $9.85 to $11.43, while remaining below its 50-day and 200-day moving averages.
• Insider and institutional activity was generally positive: Director Emilie Wrapp purchased 3,432 shares, while several investment firms increased their holdings or initiated new positions.

AllianceBernstein Global High Income Fund, Inc. (NYSE:AWF - Get Free Report) announced a monthly dividend on Monday, September 21st. Stockholders of record on Thursday, October 1st will be given a dividend of 0.0655 per share by the closed-end fund on Friday, October 16th. This represents a c) dividend on an annualized basis and a dividend yield of 7.9%. The ex-dividend date of this dividend is Thursday, October 1st.

AllianceBernstein Global High Income Fund Trading Down 0.3%

NYSE AWF opened at $9.96 on Tuesday. AllianceBernstein Global High Income Fund has a 52 week low of $9.85 and a 52 week high of $11.43. The company has a 50 day moving average price of $10.10 and a 200 day moving average price of $10.18.

Insider Activity at AllianceBernstein Global High Income Fund

In other AllianceBernstein Global High Income Fund news, Director Emilie Wrapp acquired 3,432 shares of the stock in a transaction dated Tuesday, July 21st. The stock was purchased at an average price of $10.19 per share, with a total value of $34,972.08. Following the transaction, the director directly owned 5,825 shares of the company's stock, valued at $59,356.75. This trade represents a 143.42% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On AllianceBernstein Global High Income Fund

Several institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada raised its position in shares of AllianceBernstein Global High Income Fund by 0.9% in the 1st quarter. Royal Bank of Canada now owns 1,251,424 shares of the closed-end fund's stock valued at $12,727,000 after purchasing an additional 11,182 shares during the last quarter. Bank of America Corp DE purchased a new position in shares of AllianceBernstein Global High Income Fund in the second quarter worth $6,094,000. Landscape Capital Management L.L.C. purchased a new stake in shares of AllianceBernstein Global High Income Fund during the second quarter valued at $2,400,000. Hennion & Walsh Asset Management Inc. increased its position in shares of AllianceBernstein Global High Income Fund by 4.5% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 210,755 shares of the closed-end fund's stock valued at $2,171,000 after acquiring an additional 9,074 shares during the period. Finally, Fiera Capital Corp raised its stake in AllianceBernstein Global High Income Fund by 12.9% in the 4th quarter. Fiera Capital Corp now owns 196,885 shares of the closed-end fund's stock worth $2,105,000 after acquiring an additional 22,501 shares during the last quarter.

About AllianceBernstein Global High Income Fund

AllianceBernstein Global High Income Fund, Inc NYSE: AWF is a closed-end investment company managed by AllianceBernstein L.P. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a diversified portfolio of global fixed-income securities.

The fund primarily invests in below-investment-grade, or high-yield, debt issued by corporations and governments. Its portfolio may include bonds and other debt securities from developed and emerging markets, allowing the fund to pursue income opportunities across multiple regions, industries and currencies while maintaining a global investment mandate.

AllianceBernstein L.P., an investment-management firm and subsidiary of Equitable Holdings, provides the fund's portfolio management and research capabilities.

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