Clough Global Dividend and Income Fund (GLV) to Issue Dividend Increase – $0.12 Per Share

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) declared a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be paid a dividend of 0.1225 per share by the investment management company on Wednesday, February 28th. This represents a $1.47 annualized dividend and a dividend yield of 11.05%. The ex-dividend date is Friday, February 16th. This is a positive change from Clough Global Dividend and Income Fund’s previous monthly dividend of $0.12.

Shares of Clough Global Dividend and Income Fund (GLV) traded up $0.02 during trading hours on Monday, hitting $13.30. 37,427 shares of the stock traded hands, compared to its average volume of 63,887. Clough Global Dividend and Income Fund has a 52 week low of $12.60 and a 52 week high of $14.39.

In other news, insider Richard Carl Rantzow sold 1,741 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $14.65, for a total transaction of $25,505.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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About Clough Global Dividend and Income Fund

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.

Dividend History for Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV)

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