First of all, what exactly constitutes a Dividend Run? This concept came to light during a prior ValueForum event. To clarify it properly, we begin with how a stock typically behaves on its ex-dividend date.

The ex-dividend date is the first trading day on which new buyers of the shares no longer qualify for the upcoming dividend payment. To receive that dividend, shares must be acquired prior to this date.

Assuming all other factors remain constant, the share price is generally anticipated to decline by the dividend value on the ex-date. This adjustment is logical because purchasers after the ex-date forgo the dividend entitlement. If the price failed to adjust downward by that amount, buyers would effectively pay extra for equivalent shares.

Conversely, if a stock is projected to fall by the dividend amount on the ex-date (all else equal), it follows that the shares might be expected to appreciate in the period leading up to the dividend. Without such upward movement over time, repeated ex-date drops would eventually drive the price to zero, which contradicts the reality of a company generating earnings and distributing dividends. Thus, a gradual upward pressure, or potential Dividend Run, often builds ahead of each payout.

The precise timing for capturing these runs varies among investors. Some target specific dates for entry and exit, while others apply dollar-cost averaging. Certain strategies involve buying shortly before the ex-date, collecting the dividend, and selling afterward. Others sell the day prior to the ex-date to focus on capital gains, with a common window being roughly two weeks, or ten trading days, before the intended sale.

Take the 0.057 per share GLV dividend that went ex-dividend on 06/17/26. On the preceding trading day, shares closed at 6.48. Ten trading days earlier, on 06/02/26, the price stood at 6.37, reflecting a 0.11 gain during that run-up period.

Reviewing the prior four dividends, this two-week approach produced capital gains exceeding the dividend in three instances, totaling +0.32 overall. This surpasses the combined dividend payouts of 0.228 across those periods. The breakdown appears below:

Ex-Dividend	Price 2 Weeks Prior	Price 1 Day Prior	Run Gain/Loss
07/17/26	0.057	07/01/26	6.63	07/16/26	6.45	-0.18
06/17/26	0.057	06/02/26	6.37	06/16/26	6.48	+0.11
05/18/26	0.057	05/01/26	6.13	05/15/26	6.29	+0.16
04/17/26	0.057	04/01/26	5.93	04/16/26	6.16	+0.23
Div Total:	0.228	Divvy Run Total:	+0.32

In roughly two weeks, Clough Global Allocation Fund (AMEX: GLV) is scheduled to go ex-dividend on its next 0.057 per share distribution. Might the Dividend Run pattern continue?

Upcoming Dividend: 0.057/share
Ex-Div Date: 08/18/26
Payment Date: 08/31/26
Dividend Frequency: Monthly

Historical results offer no assurance of future outcomes. Nevertheless, investors tracking Dividend Runs may find GLV noteworthy given its indicated annualized yield of 10.80 percent.

Watch for additional Dividend Run opportunities, and consider signing up for free email alerts through DividendChannel.com.

Further GLV Research:

GLV Historical Stock Prices
GLV Split History
Historical Stock Price

The perspectives shared here belong to the author and may not align with those of Nasdaq, Inc.