Clough Global Dividend and Income Stock Price, News & Analysis

The Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.0967 per share to shareholders of record as of July 20, 2021. The distribution primarily consists of 100% net realized long-term capital gains, with no portion coming from net investment income or return of capital. The Fund’s annualized distribution rate is 10.41% of the Net Asset Value (NAV) as of June 30, 2021, and the cumulative total return on NAV stands at 20.55% for the fiscal year to date.

The Clough Global Dividend and Income Fund (GLV) announced a monthly cash distribution of $0.0967 per share, payable on July 30, August 31, and September 30, 2021. This distribution aligns with the Fund's managed policy, which sets the monthly rate as one-twelfth of 10% of the adjusted year-end net asset value. The Fund holds approximately $204.2 million in assets as of June 30, 2021, with an investment strategy focused on equity and fixed income securities. The ex-dates for upcoming distributions are July 19, August 19, and September 20, 2021.

The Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0967 per share on June 30, 2021, for shareholders recorded as of June 21, 2021. This distribution stems entirely from net realized long-term capital gains, with no net investment income or short-term capital gains reported. The fund has distributed a total of $0.7818 per share thus far in the fiscal year, with the majority being a return of capital. The current annualized distribution rate stands at 9.94% based on the net asset value (NAV) as of May 31, 2021.

Clough Global Dividend and Income Fund has successfully completed its rights offering, issuing 2,807,451 new common shares. This issuance represents one-third of the shares outstanding prior to the offering, with a subscription price of $10.15 per share. The funds will be strategically invested in well-priced sectors within global markets to enhance total return and current income. As of May 31, 2021, the Fund manages approximately $166 million in total assets, aiming for a high level of income and returns for shareholders.

Clough Global Dividend and Income Fund announced the successful completion of its rights offering, set to issue 2,807,451 new common shares around June 30, 2021. This issuance represents one-third of the pre-existing shares. The subscription price was established at $10.15, based on 95% of the average market price from the preceding five trading days. The Fund aims to strategically invest the additional capital to enhance total returns and current income for shareholders.

Clough Capital Partners L.P. is hosting a market update conference call for the Clough Global Dividend and Income Fund (GLV), Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO) on June 10, 2021, at 2:30 PM EDT. The call will be led by Chairman Chuck Clough and Rob Zdunczyk, Head of Fixed Income. Each fund is currently offering a one-for-three transferable rights offering under their SEC registration. As of May 31, 2021, GLV had $166 million, GLQ had $367 million, and GLO had $720 million in assets.

The Clough Global Dividend and Income Fund (NYSE MKT: GLV) announced a monthly distribution of $0.0967 per share to shareholders recorded on May 20, 2021. The distribution consists of 9.31% from net investment income and 90.69% as a return of capital. For the fiscal year-to-date, the cumulative distribution is $0.6851 per share, with 87.99% attributed to return of capital. The Fund's annualized distribution rate stands at 9.84% based on the NAV as of April 30, 2021. Shareholders should note that this return of capital does not reflect investment performance.

The Board of Trustees of the Clough Global Dividend and Income Fund (GLV) has announced a transferable rights offering. Shareholders of record as of May 25, 2021, will receive one right for each share held, with every three rights allowing for the subscription of one new share at a calculated subscription price. The offering is expected to begin on May 27, 2021, and expire on June 22, 2021. Rights will trade on the NYSE American starting May 28, 2021. Shareholders exercising their rights will not receive distributions for new shares issued during May or June 2021.

On April 30, 2021, Clough Global Dividend and Income Fund (NYSE MKT: GLV) distributed $0.0967 per share to shareholders recorded as of April 20, 2021. This distribution consists of 19.65% from net investment income and 80.35% as return of capital. For the fiscal year-to-date, cumulative distributions totaled $0.5884 per share, with 12.47% from net investment income and 87.53% from return of capital. The annualized distribution rate stands at 9.99% of the NAV as of March 31, 2021. The Fund's distribution policy is subject to review by the Board of Trustees.