Clough Global Opportunities Fund to Issue Monthly Dividend of $0.05 (NYSEAMERICAN:GLO)

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) declared a monthly dividend on Wednesday, July 10th, Wall Street Journal reports. Shareholders of record on Friday, August 16th will be given a dividend of 0.048 per share by the investment management company on Friday, August 30th. This represents a $0.58 dividend on an annualized basis and a yield of 10.30%. The ex-dividend date is Friday, August 16th.

Clough Global Opportunities Fund has decreased its dividend by an average of 18.6% annually over the last three years.

Clough Global Opportunities Fund Stock Performance

GLO stock traded up $0.07 during mid-day trading on Wednesday, reaching $5.59. The company had a trading volume of 184,529 shares, compared to its average volume of 152,694. Clough Global Opportunities Fund has a 52 week low of $4.08 and a 52 week high of $5.59.

Insider Activity

In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. acquired 50,000 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was bought at an average cost of $4.94 per share, with a total value of $247,000.00. Following the completion of the transaction, the insider now directly owns 350,445 shares in the company, valued at approximately $1,731,198.30. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.