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

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 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 is Thursday, April 18th.

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

Clough Global Dividend and Income Fund Trading Up 0.4 %

NYSEAMERICAN GLV opened at $5.48 on Wednesday. Clough Global Dividend and Income Fund has a 52 week low of $4.70 and a 52 week high of $6.02.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. UBS Group AG boosted its stake in 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 during the period. Arete Wealth Advisors LLC bought a new position in Clough Global Dividend and Income Fund in the 1st quarter worth approximately $63,000. Susquehanna International Group LLP bought a new position in Clough Global Dividend and Income Fund in the 1st quarter worth approximately $66,000. LPL Financial LLC bought a new position in Clough Global Dividend and Income Fund in the 4th quarter worth approximately $82,000. Finally, B. Riley Wealth Advisors Inc. boosted its position in shares of Clough Global Dividend and Income Fund by 80.4% during the 3rd 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 last quarter.

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.