Clough Global Dividend and Income Fund (GLV) Raises Dividend to $0.12 Per Share
Clough Global Dividend and Income Fund (NYSEMKT:GLV) declared a monthly dividend on Friday, September 8th, Wall Street Journal reports. Shareholders of record on Wednesday, September 20th will be paid a dividend of 0.1223 per share by the investment management company on Friday, September 29th. This represents a $1.47 annualized dividend and a yield of 10.50%. The ex-dividend date is Tuesday, September 19th. This is an increase from Clough Global Dividend and Income Fund’s previous monthly dividend of $0.12.
Shares of Clough Global Dividend and Income Fund (NYSEMKT:GLV) traded up 0.57% on Friday, reaching $13.98. 13,634 shares of the company’s stock traded hands. The company’s 50-day moving average price is $13.87 and its 200 day moving average price is $13.50. Clough Global Dividend and Income Fund has a one year low of $11.25 and a one year high of $14.26.
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Clough Global Dividend and Income Fund Company Profile
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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