Clough Global Dividend and Income Fund (NYSEAMERICAN:GLV – Get Free Report)’s stock price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $0.00 and traded as high as $5.59. Clough Global Dividend and Income Fund shares last traded at $5.57, with a volume of 7,100 shares trading hands.
Clough Global Dividend and Income Fund Stock Down 0.4 %
Clough Global Dividend and Income Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Monday, March 31st. Shareholders of record on Tuesday, March 18th will be given a dividend of $0.0526 per share. The ex-dividend date is Tuesday, March 18th. This represents a $0.63 annualized dividend and a dividend yield of 11.33%.
Hedge Funds Weigh In On Clough Global Dividend and Income Fund
Hedge funds have recently bought and sold shares of the company. Rivernorth Capital Management LLC raised its position in Clough Global Dividend and Income Fund by 2.8% during the third quarter. Rivernorth Capital Management LLC now owns 369,753 shares of the investment management company’s stock worth $2,178,000 after acquiring an additional 10,197 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Clough Global Dividend and Income Fund during the 2nd quarter valued at $132,000. Finally, Almitas Capital LLC increased its position in Clough Global Dividend and Income Fund by 57.7% during the second quarter. Almitas Capital LLC now owns 223,367 shares of the investment management company’s stock worth $1,273,000 after buying an additional 81,718 shares in the last quarter.
Clough Global Dividend and Income Fund Company Profile
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.
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