Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV) announced a monthly dividend on Monday, February 12th, Wall Street Journal reports. Stockholders of record on Tuesday, February 20th will be given 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 10.96%. The ex-dividend date of this dividend is Friday, February 16th. This is a boost from Clough Global Dividend and Income Fund’s previous monthly dividend of $0.12.
Clough Global Dividend and Income Fund (NYSEAMERICAN GLV) traded up $0.11 on Tuesday, hitting $13.41. 7,005 shares of the stock traded hands, compared to its average volume of 61,768. 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.
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