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

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

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

Clough Global Opportunities Fund Stock Up 1.1 %

Shares of Clough Global Opportunities Fund stock traded up $0.05 during trading 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 twelve month low of $4.08 and a twelve month high of $5.18.

Insider Buying and Selling at Clough Global Opportunities Fund

In other Clough Global Opportunities Fund news, insider Charles Clough, Jr. bought 20,000 shares of the firm’s stock in a transaction on Monday, February 12th. The stock was purchased at an average cost of $5.04 per share, with a total value of $100,800.00. Following the completion of the purchase, the insider now owns 280,445 shares in the company, valued at $1,413,442.80. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Morgan Stanley boosted its position in shares of Clough Global Opportunities Fund by 12.8% during the third quarter. Morgan Stanley now owns 4,195,837 shares of the investment management company’s stock worth $18,588,000 after buying an additional 477,746 shares during the period. Centaurus Financial Inc. boosted its position in shares of Clough Global Opportunities Fund by 96.3% during the first quarter. Centaurus Financial Inc. now owns 259,182 shares of the investment management company’s stock worth $2,439,000 after buying an additional 127,121 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Clough Global Opportunities Fund by 310.4% during the first quarter. JPMorgan Chase & Co. now owns 103,537 shares of the investment management company’s stock worth $506,000 after buying an additional 78,311 shares during the period. Bank of Montreal Can acquired a new position in shares of Clough Global Opportunities Fund during the first quarter worth about $507,000. Finally, Comerica Bank acquired a new position in shares of Clough Global Opportunities Fund during the third quarter worth about $191,000.

Clough Global Opportunities Fund Company Profile

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.