Clough Global Dividend and Income Fund
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Company profile

Clough Global Dividend and Income Fund (the Fund), formerly Clough Global Allocation Fund, is a closed-end management investment company. The Fund's investment objective is to provide a high level of total return. The Fund invests in a managed mix of equity and debt securities. The Fund will not invest more than 20% of its total assets in securities rated, at the time of acquisition, below investment grade. The Fund may invest a portion of its assets in foreign securities and exchange traded funds. The Fund may sell a security it does not own. The Fund will not invest more than 20% of its total assets, at the time of acquisition, in securities of governments and companies in emerging markets. The Fund invests in various sectors, such as Consumer Discretionary, Consumer Staples, Energy, Financials, Healthcare, Industrials, Information Technology, Materials and Telecommunication Services. Clough Capital Partners L.P. is the investment advisor of the Fund.

Closing Price
$10.85
Day's Change
0.04 (0.37%)
Bid
--
Ask
--
B/A Size
--
Day's High
10.86
Day's Low
10.81
Volume
(Below Average)
Volume:
43,612

10-day average volume:
50,042
43,612

CBS grew earnings and sales amid talk of Viacom merger

4:17 pm ET August 8, 2019 (MarketWatch)
Print

CBS Corp. (CBS) increased earnings and revenue in the second quarter, as the company reportedly worked on a merger with Viacom Inc. (VIA) CBS on Thursday reported second-quarter results of $440 million, or $1.17 a share, on sales of $3.81 billion, up from $1.05 a share on revenue of $3.47 billion a year ago. Analysts on average expected CBS to report earnings of $1.12 a share on sales of $3.71 billion, according to FactSet. Shares bounced between slight gains and losses after the results were announced Thursday afternoon. CBS had been expected to report a merger with Viacom Inc. by Thursday afternoon (https://www.cnbc.com/2019/07/15/cbs-viacom-set-august-8-as-informal-deadline-for-merger-talks.html), but reports suggested (https://www.cnbc.com/2019/08/07/cbs-viacom-merger-deal-wont-be-announced-thursday-as-originally-expected.html) the two companies could not complete the deal in time. It is the third time CBS and Viacom have flirted with a merger in the last four years, with talks falling apart in 2018 over who would lead the combined company. The two sides have reportedly agreed on a leadership team (http://www.marketwatch.com/story/cbs-viacom-reach-agreement-on-exec-team-to-lead-merged-company-2019-08-02) this time.

-Jeremy C. Owens; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 08, 2019 16:17 ET (20:17 GMT)

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