Clough Global Opportunities Fund to Issue Monthly Dividend of $0.09 (GLO)

Clough Global Opportunities Fund (NYSE:GLO) announced a monthly dividend on Tuesday, May 9th, Wall Street Journal reports. Shareholders of record on Monday, June 19th will be paid a dividend of 0.086 per share by the investment management company on Friday, June 30th. This represents a $1.03 annualized dividend and a yield of 9.88%. The ex-dividend date is Thursday, June 15th.

Clough Global Opportunities Fund has decreased its dividend by an average of 3.9% annually over the last three years.

Shares of Clough Global Opportunities Fund (NYSE:GLO) opened at 10.45 on Friday. Clough Global Opportunities Fund has a 12-month low of $8.65 and a 12-month high of $10.67. The firm’s 50-day moving average price is $10.54 and its 200 day moving average price is $9.89. The firm’s market cap is $538.95 million.

Dividend History for Clough Global Opportunities Fund (NYSE:GLO)

In other Clough Global Opportunities Fund news, major shareholder Saba Capital Management, L.P. bought 50,293 shares of the business’s stock in a transaction that occurred on Monday, March 20th. The shares were bought at an average price of $10.10 per share, for a total transaction of $507,959.30. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, insider Charles Clough, Jr. bought 17,400 shares of the business’s stock in a transaction that occurred on Wednesday, May 3rd. The shares were acquired at an average price of $10.63 per share, for a total transaction of $184,962.00. Following the transaction, the insider now owns 133,174 shares in the company, valued at $1,415,639.62. The disclosure for this purchase can be found here. In the last 90 days, insiders have purchased 2,062,128 shares of company stock worth $21,393,356.

TRADEMARK VIOLATION WARNING: This piece of content was first posted by Transcript Daily and is owned by of Transcript Daily. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://transcriptdaily.com/2017/06/17/clough-global-opportunities-fund-glo-plans-monthly-dividend-of-0-09-updated.html.

Clough Global Opportunities Fund Company Profile

Clough Global Opportunities Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to provide a high level of total return. It seeks to achieve its objective by applying a fundamental research-driven investment process. It will invest in equity and equity-related securities, as well as fixed income securities, including both corporate and sovereign debt.

Receive News & Ratings for Clough Global Opportunities Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Clough Global Opportunities Fund and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply