Charles Clough Jr., affiliated with the investment advisor of Clough Global Dividend & Income Fund (NYSE:GLV), recently acquired additional shares in the company. On November 19, Clough purchased a total of 555 common shares of beneficial interest, with prices ranging from $5.721 to $5.725 per share. The total value of these transactions amounted to $3,176. Following these acquisitions, Clough's direct ownership in the fund stands at approximately 110,019 shares.
InvestingPro Insights
The recent share acquisition by Charles Clough Jr. aligns with several key aspects of Clough Global Dividend & Income Fund's (NYSE:GLV) financial profile. According to InvestingPro data, GLV boasts a substantial dividend yield of 11.02% as of the latest available information. This high yield is complemented by an InvestingPro Tip noting that the fund "pays a significant dividend to shareholders."
Moreover, GLV has demonstrated consistency in its dividend payments, with an InvestingPro Tip highlighting that it "has maintained dividend payments for 21 consecutive years." This long-standing commitment to shareholder returns may have factored into Clough's decision to increase his stake in the fund.
While the fund's revenue for the last twelve months as of Q2 2024 stood at $3.89 million, it's worth noting that GLV has remained profitable over this period, as indicated by another InvestingPro Tip. This profitability, combined with the fund's 100% gross profit margin, suggests efficient management of its investment portfolio.
For investors seeking a more comprehensive analysis, InvestingPro offers additional insights with 5 more tips available for GLV. These tips could provide valuable context for understanding the fund's performance and potential future directions.
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