Clough Global Opportunities Fund Announces Dividend of $0.05 (NYSEAMERICAN:GLO)

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) declared a dividend on Wednesday, April 17th, investing.com reports. Investors of record on Friday, April 19th will be given a dividend of 0.048 per share by the investment management company on Tuesday, April 30th. This represents a yield of 11.63%. The ex-dividend date of this dividend is Thursday, April 18th.

Clough Global Opportunities Fund has decreased its dividend by an average of 18.6% per year over the last three years.

Clough Global Opportunities Fund Trading Up 1.1 %

GLO stock traded up $0.05 during trading on Wednesday, hitting $5.01. 214,496 shares of the company’s stock traded hands, compared to its average volume of 155,936. Clough Global Opportunities Fund has a 52 week low of $4.08 and a 52 week high of $5.18.

Insider Transactions at Clough Global Opportunities Fund

In other news, insider Charles Clough, Jr. bought 20,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was purchased at an average price of $5.01 per share, for a total transaction of $100,200.00. Following the acquisition, the insider now owns 300,445 shares of the company’s stock, valued at $1,505,229.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in GLO. Morgan Stanley increased its position in Clough Global Opportunities Fund by 12.8% during the 3rd quarter. Morgan Stanley now owns 4,195,837 shares of the investment management company’s stock valued at $18,588,000 after purchasing an additional 477,746 shares during the period. Centaurus Financial Inc. increased its position in Clough Global Opportunities Fund by 96.3% during the 1st quarter. Centaurus Financial Inc. now owns 259,182 shares of the investment management company’s stock valued at $2,439,000 after purchasing an additional 127,121 shares during the period. JPMorgan Chase & Co. increased its position in Clough Global Opportunities Fund by 310.4% during the 1st quarter. JPMorgan Chase & Co. now owns 103,537 shares of the investment management company’s stock valued at $506,000 after purchasing an additional 78,311 shares during the period. Bank of Montreal Can purchased a new position in Clough Global Opportunities Fund during the 1st quarter valued at about $507,000. Finally, Comerica Bank purchased a new position in Clough Global Opportunities Fund during the 3rd quarter valued at about $191,000.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.