Clough Global Opportunities Fund Plans Dividend of $0.05 (NYSEAMERICAN:GLO)

Clough Global Opportunities Fund (NYSEAMERICAN:GLO) declared a dividend on Wednesday, April 17th, investing.com reports. Shareholders of record on Friday, April 19th will be given a dividend of 0.048 per share by the investment management company on Tuesday, April 30th. This represents a yield of 11.63%. The ex-dividend date of this dividend is Thursday, April 18th.

Clough Global Opportunities Fund has decreased its dividend by an average of 18.6% annually over the last three years.

Clough Global Opportunities Fund Stock Up 1.1 %

NYSEAMERICAN:GLO traded up $0.05 during trading hours on Wednesday, reaching $5.01. 214,496 shares of the company were exchanged, compared to its average volume of 155,936. Clough Global Opportunities Fund has a 52-week low of $4.08 and a 52-week high of $5.18.

Insider Activity

In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. bought 20,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were acquired at an average price of $5.01 per share, with a total value of $100,200.00. Following the purchase, the insider now owns 300,445 shares in the company, valued at approximately $1,505,229.45. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Hedge Funds Weigh In On Clough Global Opportunities Fund

A number of hedge funds have recently made changes to their positions in GLO. Morgan Stanley grew its holdings in Clough Global Opportunities Fund by 12.8% during the 3rd quarter. Morgan Stanley now owns 4,195,837 shares of the investment management company’s stock valued at $18,588,000 after purchasing an additional 477,746 shares in the last quarter. Centaurus Financial Inc. grew its holdings in Clough Global Opportunities Fund by 96.3% during the 1st quarter. Centaurus Financial Inc. now owns 259,182 shares of the investment management company’s stock valued at $2,439,000 after purchasing an additional 127,121 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Clough Global Opportunities Fund by 310.4% during the 1st quarter. JPMorgan Chase & Co. now owns 103,537 shares of the investment management company’s stock valued at $506,000 after purchasing an additional 78,311 shares in the last quarter. Bank of Montreal Can acquired a new stake in Clough Global Opportunities Fund during the 1st quarter valued at $507,000. Finally, Comerica Bank acquired a new stake in Clough Global Opportunities Fund during the 3rd quarter valued at $191,000.

About Clough Global Opportunities Fund

Clough Global Opportunities Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. It invests in public equity and fixed income markets across the globe. The fund invests in securities of companies operating across diversified sectors. For its fixed income portion, the fund invests in both investment grade and non-investment grade issues.