Clough Global Dividend and Income Fund (GLV) To Go Ex-Dividend on August 18th

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) declared a monthly dividend on Tuesday, July 7th. Shareholders of record on Tuesday, August 18th will be given a dividend of 0.0566 per share by the investment management company on Monday, August 31st. This represents a c) annualized dividend and a yield of 10.4%. The ex-dividend date is Tuesday, August 18th.

Clough Global Dividend and Income Fund Price Performance

Shares of NYSEAMERICAN:GLV opened at $6.51 on Thursday. The company’s fifty day moving average is $6.36 and its two-hundred day moving average is $6.20. Clough Global Dividend and Income Fund has a 12-month low of $5.55 and a 12-month high of $6.65.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Saba Capital Management L.P. lifted its stake in Clough Global Dividend and Income Fund by 38.6% in the 4th quarter. Saba Capital Management L.P. now owns 870,736 shares of the investment management company’s stock worth $5,198,000 after acquiring an additional 242,420 shares in the last quarter. Royal Bank of Canada lifted its stake in Clough Global Dividend and Income Fund by 2.7% in the first quarter. Royal Bank of Canada now owns 749,568 shares of the investment management company’s stock valued at $4,096,000 after acquiring an additional 19,977 shares during the last quarter. Rivernorth Capital Management LLC increased its holdings in shares of Clough Global Dividend and Income Fund by 0.3% during 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 acquiring an additional 1,605 shares during the last quarter. Alpine Global Management LLC bought a new position in shares of Clough Global Dividend and Income Fund in the third quarter valued at approximately $1,620,000. Finally, Blue Bell Private Wealth Management LLC lifted its stake in shares of Clough Global Dividend and Income Fund by 16.3% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 149,747 shares of the investment management company’s stock worth $894,000 after buying an additional 20,996 shares during the last quarter.

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.