Clough Global Dividend and Income Fund (GLV) to Issue Monthly Dividend of $0.10

Clough Global Dividend and Income Fund (NYSEMKT:GLV) declared a monthly dividend on Tuesday, May 9th. Shareholders of record on Monday, June 19th will be given a dividend of 0.1032 per share by the investment management company on Friday, June 30th. This represents a $1.24 dividend on an annualized basis and a yield of 9.29%. The ex-dividend date is Thursday, June 15th.

Clough Global Dividend and Income Fund (NYSEMKT:GLV) traded up 0.53% on Friday, reaching $13.40. 22,863 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $13.51 and its 200 day moving average is $12.59. The company’s market cap is $139.25 million. Clough Global Dividend and Income Fund has a 52 week low of $10.95 and a 52 week high of $13.92.

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

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In other Clough Global Dividend and Income Fund news, major shareholder Saba Capital Management, L.P. bought 3,792 shares of the company’s stock in a transaction that occurred on Friday, April 7th. The shares were acquired at an average cost of $13.37 per share, for a total transaction of $50,699.04. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Charles Clough, Jr. bought 12,921 shares of the company’s stock in a transaction that occurred on Friday, April 7th. The stock was acquired at an average price of $13.43 per share, for a total transaction of $173,529.03. Following the completion of the acquisition, the insider now directly owns 41,512 shares in the company, valued at $557,506.16. The disclosure for this purchase can be found here. Insiders have acquired a total of 60,489 shares of company stock worth $813,078 over the last 90 days.

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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