Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Free Report) announced a monthly dividend on Tuesday, July 7th. Investors of record on Friday, July 17th will be paid a dividend of 0.0566 per share by the investment management company on Friday, July 31st. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date of this dividend is Friday, July 17th.
Clough Global Dividend and Income Fund Price Performance
GLV opened at $6.51 on Thursday. The company’s 50 day simple moving average is $6.36 and its two-hundred day simple moving average is $6.20. Clough Global Dividend and Income Fund has a 1-year low of $5.55 and a 1-year high of $6.65.
Hedge Funds Weigh In On Clough Global Dividend and Income Fund
A number of institutional investors have recently added to or reduced their stakes in the stock. Rivernorth Capital Management LLC grew its holdings in Clough Global Dividend and Income Fund by 0.3% in the 4th quarter. Rivernorth Capital Management LLC now owns 537,382 shares of the investment management company’s stock valued at $3,208,000 after buying an additional 1,605 shares in the last quarter. TrueMark Investments LLC raised its holdings in shares of Clough Global Dividend and Income Fund by 5.4% during the 1st quarter. TrueMark Investments LLC now owns 65,090 shares of the investment management company’s stock worth $385,000 after acquiring an additional 3,312 shares during the period. Raymond James Financial Inc. boosted 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 acquiring an additional 3,948 shares during the last quarter. NWF Advisory Services Inc. boosted its position in shares of Clough Global Dividend and Income Fund by 9.7% during the 1st quarter. NWF Advisory Services Inc. now owns 45,300 shares of the investment management company’s stock valued at $268,000 after acquiring an additional 4,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL purchased a new stake in shares of Clough Global Dividend and Income Fund in the fourth quarter valued at about $60,000.
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.
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