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.
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.
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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.
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