AMEX:GLV

Stock Analysis Report

Clough Global Dividend and Income Fund

Executive Summary

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P.

Rewards


Snowflake Analysis

Share Price & News

How has Clough Global Dividend and Income Fund's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: GLV's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-10.4%

GLV

-1.6%

US Capital Markets

-3.8%

US Market


1 Year Return

-33.2%

GLV

-14.5%

US Capital Markets

-15.9%

US Market

Return vs Industry: GLV underperformed the US Capital Markets industry which returned -14.5% over the past year.

Return vs Market: GLV underperformed the US Market which returned -15.9% over the past year.


Shareholder returns

GLVIndustryMarket
7 Day-10.4%-1.6%-3.8%
30 Day-31.1%-15.2%-17.4%
90 Day-31.3%-25.0%-24.1%
1 Year-23.9%-33.2%-12.7%-14.5%-14.1%-15.9%
3 Year-21.5%-44.2%7.0%0.9%10.0%2.8%
5 Year-15.4%-51.6%30.6%18.4%27.6%13.5%

Price Volatility Vs. Market

How volatile is Clough Global Dividend and Income Fund's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Clough Global Dividend and Income Fund undervalued compared to its fair value and its price relative to the market?

29.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: GLV ($7.51) is trading below our estimate of fair value ($10.62)

Significantly Below Fair Value: GLV is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: GLV is good value based on its PE Ratio (6.8x) compared to the Capital Markets industry average (33.7x).

PE vs Market: GLV is good value based on its PE Ratio (6.8x) compared to the US market (12.2x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate GLV's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GLV is good value based on its PB Ratio (0.6x) compared to the US Capital Markets industry average (7.9x).

Future Growth

How is Clough Global Dividend and Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

5.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Clough Global Dividend and Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Clough Global Dividend and Income Fund performed over the past 5 years?

21.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: GLV has a large one-off gain of $7.1M impacting its October 31 2019 financial results.

Growing Profit Margin: GLV became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: GLV's earnings have grown significantly by 21.7% per year over the past 5 years.

Accelerating Growth: GLV has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: GLV has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (9.7%).


Return on Equity

High ROE: GLV's Return on Equity (9%) is considered low.

Financial Health

How is Clough Global Dividend and Income Fund's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: GLV has a low level of unsold assets or inventory.

Debt Coverage by Assets: GLV's debt is not covered by short term assets (assets are 0.5x debt).


Financial Institutions Analysis

Asset Level: GLV's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if GLV has a sufficient allowance for bad loans.

Low Risk Liabilities: GLV reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if GLV has an acceptable proportion of non-loan assets held.

Low Risk Deposits: GLV has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if GLV has an appropriate level of bad loans.

Dividend

What is Clough Global Dividend and Income Fund's current dividend yield, its reliability and sustainability?

16.28%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: GLV's dividend (16.28%) is higher than the bottom 25% of dividend payers in the US market (2.07%).

High Dividend: GLV's dividend (16.28%) is in the top 25% of dividend payers in the US market (5.82%)


Stability and Growth of Payments

Stable Dividend: GLV's dividend payments have been volatile in the past 10 years.

Growing Dividend: GLV's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (111.6%), GLV's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

15.8yrs

Average board tenure


CEO

Ned Burke (58yo)

no data

Tenure

Mr. Edmund Joseph Burke, also known as Ned, served as Director and President of ALPS Advisors, Inc. Mr. Burke was a Chief Executive Officer and has been its President of ALPS Holdings, Inc. from 2000. He h ...


Board Members

NamePositionTenureCompensationOwnership
Edmund Burke
Principal Executive Officerno datano datano data
Jerry Rutledge
15.75yrsUS$15.00kno data
Richard Rantzow
15.75yrsUS$15.00kno data
John Mee
15.75yrsUS$15.00kno data
Adam Crescenzi
15.75yrsUS$15.00k0.0090% $5.7k
Robert Butler
Chairman13.75yrsUS$15.00k0.11% $70.7k
Vincent Versaci
7.08yrsno datano data

15.8yrs

Average Tenure

76yo

Average Age

Experienced Board: GLV's board of directors are seasoned and experienced ( 15.8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: GLV insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 20%.


Top Shareholders

Company Information

Clough Global Dividend and Income Fund's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Clough Global Dividend and Income Fund
  • Ticker: GLV
  • Exchange: AMEX
  • Founded: 2004
  • Industry: Asset Management and Custody Banks
  • Sector: Diversified Financials
  • Market Cap: US$63.142m
  • Shares outstanding: 8.41m
  • Website: https://www.cloughglobal.com/allocation.php?overview

Location

  • Clough Global Dividend and Income Fund
  • One Post Office Square
  • 40th Floor
  • Boston
  • Massachusetts
  • 2109
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GLVAMEX (NYSE MKT LLC)YesCommon StockUSUSDJul 2004

Biography

Clough Global Dividend and Income Fund is a closed ended balanced mutual fund launched and managed by Clough Capital Partners L.P. The fund primarily invests in the public equity and fixed income markets across the globe. It seeks to invest in securities of companies operating across diversified sectors. For its fixed income portion, it invests in corporate and sovereign debt. It invest in fixed income securities having a maturity ranging from 30 days to over 30 years. The fund invests in non-U.S. markets primarily through liquid securities, including depositary receipts. Its equity portion primarily invests in stocks of small-cap and mid-cap companies. The fund employs a fundamental analysis with a bottom-up stock picking approach to make its investments. It primarily employs a theme-oriented investment approach which emphasizes on industry consolidation, technological change, an emerging shortage of a product or raw material which derives from a period of under-investment, and changes in government regulation or major economic or investment cycles. The fund's research process includes identifying shortages, global geographic growth opportunities, and unique global credit market opportunities. The fund was formerly known as Clough Global Allocation Fund. Clough Global Dividend and Income Fund was formed on April 27, 2004 and is domiciled in the United States. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/06 03:59
End of Day Share Price2020/04/03 00:00
Earnings2019/10/31
Annual Earnings2019/10/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.