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

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) announced a monthly dividend on Monday, April 8th, Wall Street Journal reports. Investors of record on Friday, April 19th will be paid 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 yield of 11.29%. The ex-dividend date is Thursday, April 18th.

Clough Global Dividend and Income Fund has decreased its dividend by an average of 16.0% per year over the last three years.

Clough Global Dividend and Income Fund Stock Performance

NYSEAMERICAN GLV traded up $0.03 on Monday, hitting $5.59. The stock had a trading volume of 26,623 shares, compared to its average volume of 52,300. Clough Global Dividend and Income Fund has a one year low of $4.70 and a one year high of $6.02.

Hedge Funds Weigh In On Clough Global Dividend and Income Fund

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada increased its position in shares of Clough Global Dividend and Income Fund by 10.8% during the 4th quarter. Royal Bank of Canada now owns 38,318 shares of the investment management company’s stock valued at $197,000 after purchasing an additional 3,734 shares during the period. Woodline Partners LP boosted its stake in Clough Global Dividend and Income Fund by 56.8% during the second quarter. Woodline Partners LP now owns 26,870 shares of the investment management company’s stock valued at $149,000 after buying an additional 9,730 shares in the last quarter. Rivernorth Capital Management LLC grew its holdings in Clough Global Dividend and Income Fund by 55.2% during the second quarter. Rivernorth Capital Management LLC now owns 32,885 shares of the investment management company’s stock worth $180,000 after acquiring an additional 11,702 shares during the period. Arete Wealth Advisors LLC bought a new stake in Clough Global Dividend and Income Fund in the first quarter worth about $63,000. Finally, B. Riley Wealth Advisors Inc. lifted its holdings in Clough Global Dividend and Income Fund by 11.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 43,000 shares of the investment management company’s stock valued at $249,000 after acquiring an additional 4,500 shares during the last quarter.

Clough Global Dividend and Income Fund Company Profile

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.