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

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) declared a monthly dividend on Tuesday, July 9th, NASDAQ reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.048 per share by the investment management company on Wednesday, July 31st. This represents a $0.58 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend is Friday, July 19th.

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

Clough Global Opportunities Fund Trading Up 1.2 %

Shares of NYSEAMERICAN GLO traded up $0.07 during mid-day trading on Wednesday, reaching $5.59. 192,866 shares of the company traded hands, compared to its average volume of 152,758. Clough Global Opportunities Fund has a fifty-two week low of $4.08 and a fifty-two week high of $5.59.

Insider Activity

In other news, insider Charles Clough, Jr. purchased 50,000 shares of Clough Global Opportunities Fund stock in a transaction that occurred on Thursday, May 2nd. The stock was acquired at an average price of $4.94 per share, for a total transaction of $247,000.00. Following the transaction, the insider now owns 350,445 shares in the company, valued at $1,731,198.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Clough Global Opportunities Fund Company Profile

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.