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

Posted by Samantha Reynolds on Apr 9th, 2024

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Free Report) 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 11.29%. 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 Stock Performance

GLV opened at $5.59 on Tuesday. Clough Global Dividend and Income Fund has a 52-week low of $4.70 and a 52-week high of $6.02.

Institutional Trading of Clough Global Dividend and Income Fund

Large investors have recently bought and sold shares of the business. UBS Group AG boosted its stake in Clough Global Dividend and Income Fund by 128.3% in the second quarter. UBS Group AG now owns 4,566 shares of the investment management company’s stock valued at $37,000 after buying an additional 2,566 shares in the last quarter. Arete Wealth Advisors LLC acquired a new stake in Clough Global Dividend and Income Fund in the first quarter valued at about $63,000. Susquehanna International Group LLP acquired a new stake in Clough Global Dividend and Income Fund in the first quarter valued at about $66,000. LPL Financial LLC acquired a new stake in Clough Global Dividend and Income Fund in the fourth quarter valued at about $82,000. Finally, Woodline Partners LP boosted its stake in Clough Global Dividend and Income Fund by 56.8% in the second quarter. Woodline Partners LP now owns 26,870 shares of the investment management company’s stock valued at $149,000 after buying an additional 9,730 shares in the last quarter.

Clough Global Dividend and Income Fund Company Profile

(Get Free Report)

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.