Clough Global Opportunities Fund (GLO) to Issue Dividend of $0.05 on April 30th

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 paid 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 is Thursday, April 18th.

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

Clough Global Opportunities Fund Stock Up 1.1 %

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

Insider Activity at Clough Global Opportunities Fund

In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. acquired 20,000 shares of Clough Global Opportunities Fund stock in a transaction that occurred on Wednesday, March 20th. The stock was purchased at an average cost of $5.01 per share, with a total value of $100,200.00. Following the purchase, the insider now owns 300,445 shares in the company, valued at $1,505,229.45. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Institutional Investors Weigh In On Clough Global Opportunities Fund

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley raised its stake in shares of 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 worth $18,588,000 after purchasing an additional 477,746 shares in the last quarter. Centaurus Financial Inc. raised its stake in shares of 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 worth $2,439,000 after purchasing an additional 127,121 shares in the last quarter. Guggenheim Capital LLC raised its stake in shares of Clough Global Opportunities Fund by 10.2% during the 1st quarter. Guggenheim Capital LLC now owns 203,063 shares of the investment management company’s stock worth $1,911,000 after purchasing an additional 18,726 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Clough Global Opportunities Fund by 310.4% in the 1st quarter. JPMorgan Chase & Co. now owns 103,537 shares of the investment management company’s stock valued at $506,000 after acquiring an additional 78,311 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its stake in shares of Clough Global Opportunities Fund by 35.1% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 69,588 shares of the investment management company’s stock valued at $353,000 after acquiring an additional 18,062 shares in the last quarter.

Clough Global Opportunities Fund Company Profile

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.