Clough Global Dividend and Income Fund (NYSEMKT:GLV) declared a monthly dividend on Monday, November 13th, Wall Street Journal reports. Stockholders of record on Monday, November 20th will be given a dividend of 0.122 per share by the investment management company on Thursday, November 30th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 10.65%. The ex-dividend date of this dividend is Friday, November 17th. This is an increase from Clough Global Dividend and Income Fund’s previous monthly dividend of $0.12.
Clough Global Dividend and Income Fund (NYSEMKT:GLV) traded down $0.54 during mid-day trading on Monday, hitting $13.73. 124,336 shares of the stock were exchanged, compared to its average volume of 29,610. Clough Global Dividend and Income Fund has a one year low of $11.29 and a one year high of $14.39.
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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.
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