Clough Global Equity Fund Announces Dividend of $0.06 (NYSEAMERICAN:GLQ)

Clough Global Equity Fund (NYSEAMERICAN:GLQ) announced a dividend on Wednesday, April 17th, investing.com reports. Investors of record on Friday, April 19th will be paid a dividend of 0.0603 per share by the investment management company on Tuesday, April 30th. This represents a yield of 11.38%. The ex-dividend date of this dividend is Thursday, April 18th.

Clough Global Equity Fund has decreased its dividend by an average of 18.4% annually over the last three years and has raised its dividend every year for the last 1 years.

Clough Global Equity Fund Trading Up 0.3 %

GLQ traded up $0.02 during trading on Wednesday, hitting $6.38. The company’s stock had a trading volume of 157,347 shares, compared to its average volume of 64,838. Clough Global Equity Fund has a 12 month low of $5.13 and a 12 month high of $6.56.

Insider Buying and Selling at Clough Global Equity Fund

In other news, insider Charles Clough, Jr. bought 20,000 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was bought at an average price of $6.42 per share, for a total transaction of $128,400.00. Following the completion of the transaction, the insider now directly owns 390,291 shares in the company, valued at approximately $2,505,668.22. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On Clough Global Equity Fund

A number of institutional investors and hedge funds have recently made changes to their positions in GLQ. UBS Group AG increased its holdings in Clough Global Equity Fund by 3.8% in the second quarter. UBS Group AG now owns 28,377 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 1,043 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Clough Global Equity Fund by 9.0% in the second quarter. NewEdge Advisors LLC now owns 42,502 shares of the investment management company’s stock valued at $388,000 after purchasing an additional 3,500 shares during the last quarter. Bank of America Corp DE increased its holdings in Clough Global Equity Fund by 0.6% in the first quarter. Bank of America Corp DE now owns 778,455 shares of the investment management company’s stock valued at $9,123,000 after purchasing an additional 4,792 shares during the last quarter. Mariner LLC bought a new stake in Clough Global Equity Fund in the fourth quarter valued at about $65,000. Finally, Charles Schwab Investment Management Inc. bought a new stake in Clough Global Equity Fund in the first quarter valued at about $61,000.

Clough Global Equity Fund Company Profile

Clough Global Equity Fund is a closed ended equity mutual fund launched and managed by Clough Capital Partners, L.P. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It employs fundamental and quantitative analysis with a bottom up stock picking approach to create its portfolio, with focus on factors such as a company's competitive position, quality of company management, quality and visibility of earnings and cash flow, balance sheet strength, and relative valuation.