Welcome to our dedicated page for Clough Global Dividend and Income Fund news (Ticker: GLV), a resource for investors and traders seeking the latest updates and insights on Clough Global Dividend and Income Fund stock.
Clough Global Dividend and Income Fund (GLV) is a closed-end investment management company. The primary objective of the fund is to provide a high level of total return by investing in a diversified portfolio of equity and debt securities. These investments span both U.S. and non-U.S. markets and include companies of any market capitalization.
The fund utilizes a fundamental research-driven investment process to identify high-quality opportunities across various asset classes. Managed by a team of experienced portfolio managers, including Chuck Clough and Bill Whelan, the fund aims to deliver consistent returns through its well-structured investment strategy. As of March 31, 2024, the fund's total assets were approximately $115.3 million.
One of the key features of Clough Global Dividend and Income Fund is its managed distribution policy. The fund sets a monthly distribution rate at an amount equal to one twelfth of 10% of the fund's adjusted year-end net asset value per share. This policy aims to provide shareholders with regular income while also considering the fund's overall performance and market conditions.
The most recent updates highlight the fund's commitment to providing monthly distributions. On multiple occasions, the fund has announced distributions of $0.0526 per share to shareholders of record, ensuring a steady stream of income for investors. Additionally, the fund's Board of Trustees regularly reviews distribution levels and adjusts them as necessary to align with market conditions and the fund's net asset value.
The fund's performance metrics are continually monitored and reported. Cumulative distribution rates, fiscal year-to-date returns, and changes in net asset value are some of the key performance indicators disclosed to investors. These metrics help shareholders understand the fund's performance and make informed investment decisions.
Clough Capital Partners L.P., the investment advisory firm managing the fund, is based in Boston and oversees approximately $1.2 billion in assets. The firm's expertise spans hedge funds, institutional accounts, exchange-traded funds, and other closed-end funds, including Clough Global Equity Fund (GLQ) and Clough Global Opportunities Fund (GLO).
Overall, Clough Global Dividend and Income Fund (GLV) aims to deliver a high level of total return through a well-diversified and strategically managed portfolio. By consistently providing monthly distributions and maintaining a transparent performance tracking system, the fund seeks to enhance shareholder value and provide a reliable investment option for those looking to diversify their portfolios.
The Board of Trustees for the Clough Global Dividend and Income Fund (GLV) has declared a monthly cash distribution of
Key distribution dates include an Ex-Date of April 20, a Record Date of April 21, and a Payable Date of April 28 for April's distribution. Similar dates apply for May and June distributions, with latter payments expected by May 31 and June 30, respectively. A portion of these distributions may be derived from sources other than net income, affecting tax treatment.
On March 31, 2023, Clough Global Dividend and Income Fund (GLV) announced a monthly distribution of $0.0597 per share, payable to shareholders on record as of March 17, 2023. The distribution comprises 10.08% from net investment income, with 89.92% attributed to return of capital. For the fiscal year to date, the cumulative distribution per share is $0.3603, of which 95.74% is from return of capital. The fund's annualized distribution rate is 10.55%, while cumulative total return on NAV for the period is -3.24%.
FAQ
What is the current stock price of Clough Global Dividend and Income Fund (GLV)?
What is the market cap of Clough Global Dividend and Income Fund (GLV)?
What is the primary objective of Clough Global Dividend and Income Fund?
How does the fund manage its distributions?
Who manages Clough Global Dividend and Income Fund?
What types of securities does the fund invest in?
What is the size of the fund's total assets?
How often are distributions paid to shareholders?
What is the role of Clough Capital Partners L.P.?
How does the fund ensure transparency in performance reporting?
Can the distribution rate be changed?
Where can I find more information about the fund?
