Clough Global Dividend and Income Fund Announces Monthly Dividend of $0.05 (NYSEAMERICAN:GLV)

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) announced a monthly dividend on Friday, April 5th, Wall Street Journal reports. Stockholders of record on Friday, April 19th will be paid a dividend of 0.0526 per share by the investment management company on Tuesday, April 30th. This represents a $0.63 dividend on an annualized basis and a dividend yield of 11.56%. The ex-dividend date is Thursday, April 18th.

Clough Global Dividend and Income Fund has decreased its dividend by an average of 16.0% annually over the last three years.

Clough Global Dividend and Income Fund Price Performance

Shares of NYSEAMERICAN:GLV opened at $5.46 on Tuesday. Clough Global Dividend and Income Fund has a twelve month low of $4.70 and a twelve month high of $6.02.

Institutional Trading of Clough Global Dividend and Income Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. UBS Group AG raised its holdings in shares of Clough Global Dividend and Income Fund by 128.3% in the 2nd quarter. UBS Group AG now owns 4,566 shares of the investment management company’s stock worth $37,000 after purchasing an additional 2,566 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in shares of Clough Global Dividend and Income Fund in the 1st quarter worth approximately $63,000. Susquehanna International Group LLP acquired a new stake in shares of Clough Global Dividend and Income Fund during the first quarter valued at approximately $66,000. LPL Financial LLC acquired a new stake in shares of Clough Global Dividend and Income Fund during the fourth quarter valued at approximately $82,000. Finally, B. Riley Wealth Advisors Inc. raised its holdings in shares of Clough Global Dividend and Income Fund by 80.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 22,501 shares of the investment management company’s stock valued at $150,000 after acquiring an additional 10,031 shares during the period.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.