Clough Global Dividend and Income Fund (GLV) To Go Ex-Dividend on January 20th

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) announced a monthly dividend on Thursday, January 8th. Investors of record on Tuesday, January 20th will be given a dividend of 0.0566 per share by the investment management company on Friday, January 30th. This represents a c) dividend on an annualized basis and a yield of 11.0%. The ex-dividend date of this dividend is Tuesday, January 20th. This is a 7.6% increase from Clough Global Dividend and Income Fund’s previous monthly dividend of $0.05.

Clough Global Dividend and Income Fund Stock Performance

Clough Global Dividend and Income Fund stock opened at $6.19 on Friday. The company’s 50-day moving average price is $6.04 and its 200-day moving average price is $5.88. Clough Global Dividend and Income Fund has a twelve month low of $4.88 and a twelve month high of $6.35.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

Several institutional investors have recently modified their holdings of GLV. Raymond James Financial Inc. increased its position in shares of Clough Global Dividend and Income Fund by 6.3% during the 2nd quarter. Raymond James Financial Inc. now owns 67,058 shares of the investment management company’s stock valued at $381,000 after purchasing an additional 3,948 shares during the last quarter. Allworth Financial LP purchased a new position in shares of Clough Global Dividend and Income Fund during the 2nd quarter worth about $51,000. NWF Advisory Services Inc. bought a new position in Clough Global Dividend and Income Fund during the 2nd quarter valued at about $59,000. Wolverine Asset Management LLC raised its position in Clough Global Dividend and Income Fund by 147.4% in the 2nd quarter. Wolverine Asset Management LLC now owns 20,585 shares of the investment management company’s stock worth $117,000 after purchasing an additional 12,265 shares during the period. Finally, Elevation Point Wealth Partners LLC bought a new stake in Clough Global Dividend and Income Fund in the third quarter worth about $95,000.

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.