Delaware Enhanced Glbl. Div. & Inc. Fund (DEX) Declares Monthly Dividend of $0.05

Delaware Enhanced Glbl. Div. & Inc. Fund (NYSE:DEX) announced a monthly dividend on Thursday, February 1st, Wall Street Journal reports. Shareholders of record on Friday, February 9th will be given a dividend of 0.0525 per share on Friday, February 23rd. This represents a $0.63 annualized dividend and a yield of 5.06%. The ex-dividend date of this dividend is Thursday, February 8th.

Delaware Enhanced Glbl. Div. & Inc. Fund has decreased its dividend payment by an average of 11.2% per year over the last three years.

Delaware Enhanced Glbl. Div. & Inc. Fund (NYSE:DEX) traded down $0.05 during trading on Thursday, reaching $12.45. The company’s stock had a trading volume of 32,714 shares, compared to its average volume of 41,142. Delaware Enhanced Glbl. Div. & Inc. Fund has a 1-year low of $10.37 and a 1-year high of $12.70.

In related news, major shareholder Saba Capital Management, L.P. acquired 67,757 shares of the stock in a transaction on Tuesday, January 9th. The shares were acquired at an average price of $12.44 per share, for a total transaction of $842,897.08. The purchase was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders acquired 231,476 shares of company stock worth $2,800,958.

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About Delaware Enhanced Glbl. Div. & Inc. Fund

Delaware Enhanced Global Dividend and Income Fund is a diversified closed-end management investment fund. Its primary investment objective is to seek current income. Its secondary objective is capital appreciation. It invests in dividend-paying or income-generating securities across multiple asset classes, including equity securities of large companies, securities issued by real estate companies (real estate investment trusts and real estate industry operating companies), debt securities (such as government bonds, investment grade and high risk, high yield corporate bonds and convertible bonds) and emerging market securities.

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