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.
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.
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