Clough Global Equity Fund (GLQ) to Issue Dividend of $0.06 on April 30th

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

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

Clough Global Equity Fund Stock Up 0.3 %

Shares of GLQ stock 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 52 week low of $5.13 and a 52 week high of $6.56.

Insider Activity

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

Hedge Funds Weigh In On Clough Global Equity Fund

Several institutional investors have recently bought and sold shares of GLQ. NewEdge Advisors LLC lifted its stake in Clough Global Equity Fund by 26.2% in the first quarter. NewEdge Advisors LLC now owns 39,002 shares of the investment management company’s stock valued at $457,000 after purchasing an additional 8,100 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Clough Global Equity Fund in the first quarter valued at approximately $130,000. Bank of America Corp DE lifted its position in shares of Clough Global Equity Fund by 0.6% during the first quarter. Bank of America Corp DE now owns 778,455 shares of the investment management company’s stock worth $9,123,000 after acquiring an additional 4,792 shares in the last quarter. UBS Group AG lifted its position in shares of Clough Global Equity Fund by 3.8% during the second quarter. UBS Group AG now owns 28,377 shares of the investment management company’s stock worth $259,000 after acquiring an additional 1,043 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. lifted its position in shares of Clough Global Equity Fund by 151.4% during the third quarter. B. Riley Wealth Advisors Inc. now owns 46,325 shares of the investment management company’s stock worth $319,000 after acquiring an additional 27,900 shares in the last quarter.

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.