Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) Plans $0.09 Monthly Dividend

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLVGet Rating) declared a monthly dividend on Monday, April 11th, Wall Street Journal reports. Stockholders of record on Friday, May 20th will be given a dividend of 0.0906 per share by the investment management company on Tuesday, May 31st. This represents a $1.09 dividend on an annualized basis and a dividend yield of 12.15%. The ex-dividend date is Thursday, May 19th.

Shares of NYSEAMERICAN:GLV traded down $0.01 during midday trading on Monday, reaching $8.95. 51,035 shares of the company’s stock were exchanged, compared to its average volume of 46,635. Clough Global Dividend and Income Fund has a 12 month low of $8.34 and a 12 month high of $12.32.

Institutional investors have recently made changes to their positions in the stock. Millennium Management LLC acquired a new stake in shares of Clough Global Dividend and Income Fund during the 4th quarter worth about $167,000. UBS Group AG increased its position in Clough Global Dividend and Income Fund by 30.1% in the 3rd quarter. UBS Group AG now owns 17,213 shares of the investment management company’s stock valued at $191,000 after acquiring an additional 3,984 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in Clough Global Dividend and Income Fund in the 4th quarter valued at about $367,000. Finally, Morgan Stanley increased its position in Clough Global Dividend and Income Fund by 4.2% in the 3rd quarter. Morgan Stanley now owns 87,485 shares of the investment management company’s stock valued at $970,000 after acquiring an additional 3,508 shares in the last quarter.

About Clough Global Dividend and Income Fund (Get Rating)

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.

See Also

Dividend History for Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)

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