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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) declared 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% annually over the last three years.

Clough Global Dividend and Income Fund Stock Performance

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

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Several large investors have recently modified their holdings of the stock. UBS Group AG increased its stake in shares of 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 worth $37,000 after purchasing an additional 2,566 shares in the last quarter. Arete Wealth Advisors LLC bought a new stake in Clough Global Dividend and Income Fund during the 1st quarter valued at $63,000. Susquehanna International Group LLP purchased a new stake in shares of Clough Global Dividend and Income Fund during the first quarter worth $66,000. LPL Financial LLC bought a new position in shares of Clough Global Dividend and Income Fund in the fourth quarter worth $82,000. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of Clough Global Dividend and Income Fund by 80.4% in the third quarter. B. Riley Wealth Advisors Inc. now owns 22,501 shares of the investment management company’s stock valued at $150,000 after purchasing an additional 10,031 shares in 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.