Clough Global Dividend and Income Stock Price, News & Analysis

Clough Global Dividend and Income Fund (NYSE American: GLV) is a closed-end investment company whose stated objective is to provide a high level of total return. According to the Fund’s disclosures, it seeks this objective by investing in equity and equity-related securities as well as fixed income securities, including both corporate and sovereign debt, in U.S. and non-U.S. markets. The Fund trades on the secondary market under the ticker GLV and is advised by Clough Capital Partners L.P.

Investment objective and strategy

The Fund describes its primary investment objective as achieving a high level of total return. To pursue this, it applies a fundamental, research-driven investment process. Within this framework, the Fund invests in a mix of equity and equity-related securities and fixed income securities. Its fixed income holdings may include both corporate and sovereign debt, and its mandate allows investment across U.S. and non-U.S. markets. This multi-asset, global approach is reflected in references to the Morningstar Global Allocation Total Return Index in the Fund’s communications.

Closed-end fund structure and trading

Clough Global Dividend and Income Fund is organized as a closed-end fund. The Fund notes that closed-end funds do not continuously issue shares for sale in the way open-end mutual funds do. After its initial public offering, GLV shares began trading in the secondary market, and investors who wish to buy or sell shares place orders through an intermediary or broker. The Fund emphasizes that the share price of a closed-end fund is based on market value, which is influenced by supply and demand for the shares, and may differ from the Fund’s net asset value (NAV).

Managed distribution policy

A key feature highlighted in multiple Fund announcements is its managed distribution policy. The Fund states that its policy is to set the monthly distribution rate at an amount equal to at least one-twelfth of 10% of its adjusted year-end NAV per share. The adjusted year-end NAV is defined as the average of the NAVs as of the last five business days of the prior calendar year. Distributions are generally made monthly.

The Fund explains that a portion of each distribution may be treated as paid from sources other than net income, including short-term capital gain, long-term capital gain, and return of capital. It regularly issues Section 19(a) notices under the Investment Company Act of 1940 that provide estimates of the sources of each distribution and the fiscal year-to-date cumulative distributions. These notices often show distributions comprising varying proportions of net investment income and return of capital, and the Fund cautions that these figures are estimates and not for tax reporting purposes.

Use of leverage and risk considerations

The Fund discloses that it utilizes leverage, which can increase the volatility of its NAV. It notes that if leverage costs exceed the income from leveraged investments, the use of leverage may reduce returns. The Fund also states that an investment in its shares is subject to investment risk, including the possible loss of the entire principal amount invested. Because an investment in the Fund represents an indirect investment in the securities it owns, the value of those underlying securities may move up or down, sometimes rapidly and unpredictably, which can affect the market price of GLV shares.

The Fund further notes that its distribution policy may, under certain circumstances, have adverse consequences for shareholders. For example, if distributions include a return of capital, this may result in less of a shareholder’s assets being invested in the Fund and, over time, may increase the Fund’s expense ratio. The Fund repeatedly cautions that shareholders should not draw conclusions about investment performance from the amount of distributions or from the terms of the managed distribution plan, and that past performance is not indicative of future results.

Adviser and management

Clough Global Dividend and Income Fund is advised by Clough Capital Partners L.P., which is described as a Boston-based investment advisory firm. Clough Capital Partners manages assets across hedge fund and institutional accounts, exchange-traded funds, and several closed-end funds, including GLV, Clough Global Equity Fund (GLQ), and Clough Global Opportunities Fund (GLO). The Fund identifies its portfolio managers as Chuck Clough and Bill Whelan in its public communications.

Regulatory framework and governance

As a registered investment company, the Fund operates under the Investment Company Act of 1940 and files reports with the U.S. Securities and Exchange Commission. In a Form 8-K filed in 2025, the Fund reported that its Board of Trustees amended the Fund’s Amended and Restated By-Laws, effective June 27, 2025. The amendments revised provisions governing the forum for adjudication of disputes, clarified the waiver of jury trial rights, and allowed for additional trustee qualification informational requests. The Fund attached the full text of the amended and restated by-laws as an exhibit to that filing.

Distributions and Section 19(a) notices

The Fund issues frequent Section 19(a) notices that detail the estimated composition of each monthly distribution. These notices break down distributions into net investment income, net realized short-term capital gain, net realized long-term capital gain, and return of capital or other capital source, both for the current distribution and on a fiscal year-to-date basis. The Fund often notes that it has distributed more than its income and net realized capital gains, indicating that a portion of distributions may be a return of capital. It explains that a return of capital may occur when some or all of the money originally invested in the Fund is paid back to shareholders, and that such distributions should not be confused with yield or income.

Alongside these breakdowns, the Fund provides performance and distribution information based on changes in NAV, including cumulative total return on NAV and distribution rates as a percentage of NAV for specified fiscal periods. The Fund emphasizes that while NAV performance may be indicative of investment performance, it does not measure the value of a shareholder’s investment, which is determined by the market price of the shares.

Market updates and communications

The Fund periodically issues press releases announcing monthly distributions and providing market updates. For example, it has announced distribution schedules for multiple months at a time, specifying ex-dates, record dates, and payable dates. In one announcement, the Fund reported a 7.6% increase in its monthly distribution per share under its managed distribution policy, citing NAV total return performance relative to the Morningstar Global Allocation Total Return Index for a completed calendar year. The Fund and its adviser have also hosted market update conference calls covering GLV and related funds.

Investor information

The Fund encourages prospective and existing investors to consider investment objectives, risks, charges, and expenses carefully before investing. It directs investors to its annual and semi-annual reports for more detailed information. The Fund also notes the availability of a dividend reinvestment plan, under which dividends and distributions may be reinvested at a price determined by the plan’s terms. Throughout its communications, the Fund reiterates that past performance does not guarantee future results and that distribution rates should not be considered the dividend yield or total return on an investment in the Fund.

Position within the financial sector

Within the broader finance and insurance sector, Clough Global Dividend and Income Fund is classified under investment-related activities, with a focus on securities and income generation through a managed distribution approach. Its structure as a closed-end fund, use of leverage, global mandate across equity and fixed income, and emphasis on regular monthly distributions define its role for investors seeking exposure to a research-driven, multi-asset strategy implemented through a listed fund.