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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Stockholders of record on Friday, April 19th will be given a dividend of 0.0526 per share by the investment management company on Tuesday, April 30th. This represents a $0.63 annualized dividend and a dividend yield of 11.52%. The ex-dividend date of this dividend 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

NYSEAMERICAN:GLV opened at $5.48 on Wednesday. Clough Global Dividend and Income Fund has a 1-year low of $4.70 and a 1-year 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 company. NewEdge Advisors LLC boosted its holdings in Clough Global Dividend and Income Fund by 2.7% in the 2nd quarter. NewEdge Advisors LLC now owns 46,100 shares of the investment management company’s stock valued at $375,000 after purchasing an additional 1,200 shares in the last quarter. Royal Bank of Canada boosted its stake in shares of Clough Global Dividend and Income Fund by 7.5% in the third quarter. Royal Bank of Canada now owns 29,994 shares of the investment management company’s stock valued at $199,000 after buying an additional 2,093 shares in the last quarter. UBS Group AG grew its holdings in Clough Global Dividend and Income Fund by 128.3% during the second quarter. UBS Group AG now owns 4,566 shares of the investment management company’s stock worth $37,000 after acquiring an additional 2,566 shares during the period. B. Riley Wealth Advisors Inc. raised its position in Clough Global Dividend and Income Fund by 11.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 43,000 shares of the investment management company’s stock worth $249,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Gould Capital LLC lifted its holdings in Clough Global Dividend and Income Fund by 17.1% in the first quarter. Gould Capital LLC now owns 40,786 shares of the investment management company’s stock valued at $236,000 after acquiring an additional 5,956 shares during the period.

Clough Global Dividend and Income Fund Company Profile

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.