Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) to Issue Dividend of $0.05

Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) declared a dividend on Friday, May 16th, investing.com reports. Shareholders of record on Tuesday, May 20th will be paid a dividend of 0.0526 per share by the investment management company on Friday, May 30th. This represents a dividend yield of 11.46%. The ex-dividend date is Monday, May 19th.

Clough Global Dividend and Income Fund has increased its dividend by an average of 44.8% annually over the last three years.

Clough Global Dividend and Income Fund Price Performance

Shares of NYSEAMERICAN:GLV opened at $5.51 on Friday. The business’s 50 day moving average price is $5.37 and its 200-day moving average price is $5.48. Clough Global Dividend and Income Fund has a 1 year low of $4.88 and a 1 year high of $6.30.

Institutional Investors Weigh In On Clough Global Dividend and Income Fund

A hedge fund recently raised its stake in Clough Global Dividend and Income Fund stock. Royal Bank of Canada increased its position in shares of Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) by 2.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 749,568 shares of the investment management company’s stock after buying an additional 19,977 shares during the quarter. Royal Bank of Canada’s holdings in Clough Global Dividend and Income Fund were worth $4,096,000 at the end of the most recent reporting period.

About Clough Global Dividend and Income Fund

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors.