Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) announced a monthly dividend on Monday, March 12th, Wall Street Journal reports. Shareholders of record on Monday, March 19th will be given a dividend of 0.1172 per share by the investment management company on Thursday, March 29th. This represents a $1.41 dividend on an annualized basis and a yield of 10.65%. The ex-dividend date is Friday, March 16th.
Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) traded up $0.10 during midday trading on Tuesday, reaching $13.20. 8,653 shares of the company’s stock were exchanged, compared to its average volume of 49,052. Clough Global Dividend and Income Fund has a 52-week low of $12.78 and a 52-week high of $14.39.
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Clough Global Dividend and Income Fund (the Fund), formerly Clough Global Allocation Fund, is a closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. The Fund invests in a managed mix of equity and debt securities. The Fund will not invest more than 20% of its total assets in securities rated, at the time of acquisition, below investment grade.
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