Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) to Issue $0.06 Monthly Dividend

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) declared a monthly dividend on Tuesday, April 7th. Stockholders of record on Monday, May 18th will be paid a dividend of 0.0566 per share by the investment management company on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 11.6%. The ex-dividend date is Monday, May 18th.

Clough Global Dividend and Income Fund Trading Up 0.2%

Shares of Clough Global Dividend and Income Fund stock traded up $0.01 on Tuesday, hitting $5.87. 21,184 shares of the company were exchanged, compared to its average volume of 41,081. The company has a 50-day moving average price of $6.14 and a 200 day moving average price of $6.07. Clough Global Dividend and Income Fund has a 1-year low of $5.00 and a 1-year high of $6.41.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in GLV. Alpine Global Management LLC acquired a new position in shares of Clough Global Dividend and Income Fund during the 3rd quarter worth approximately $1,620,000. Saba Capital Management L.P. boosted its holdings in shares of Clough Global Dividend and Income Fund by 38.6% during the 4th quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock worth $5,198,000 after purchasing an additional 242,420 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Clough Global Dividend and Income Fund in the fourth quarter valued at approximately $835,000. Evolve Private Wealth LLC acquired a new position in Clough Global Dividend and Income Fund in the fourth quarter valued at approximately $431,000. Finally, TrueMark Investments LLC acquired a new stake in Clough Global Dividend and Income Fund during the third quarter worth $359,000.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund (NYSEAMERICAN: GLV) is a closed-end management investment company designed to provide investors with a combination of high current income and the potential for long-term capital appreciation. The fund pursues its objectives by investing primarily in dividend-paying equity securities of companies located throughout developed and emerging markets. In addition to its global equity allocation, Clough Global Dividend and Income Fund may allocate a portion of its assets to fixed-income instruments, including high-yield corporate bonds and preferred securities, to enhance current income potential.

Established in 2016, the fund is advised by Clough Capital Partners, L.P., an investment management firm headquartered in Greenwood Village, Colorado.