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

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 given 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 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 increased its dividend every year for the last 1 years.

Clough Global Equity Fund Stock Performance

GLQ traded up $0.02 during midday trading on Wednesday, reaching $6.38. 157,347 shares of the company’s stock were exchanged, compared to its average volume of 64,838. Clough Global Equity Fund has a 1-year low of $5.13 and a 1-year high of $6.56.

Insiders Place Their Bets

In other Clough Global Equity Fund news, insider Charles Clough, Jr. acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was bought at an average cost of $6.42 per share, for a total transaction of $128,400.00. Following the completion of the purchase, the insider now directly owns 390,291 shares in the company, valued at $2,505,668.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Institutional Investors Weigh In On Clough Global Equity Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GLQ. NewEdge Advisors LLC grew its stake in shares of Clough Global Equity Fund by 26.2% during the first quarter. NewEdge Advisors LLC now owns 39,002 shares of the investment management company’s stock valued at $457,000 after acquiring an additional 8,100 shares in the last quarter. Chicago Partners Investment Group LLC acquired a new stake in Clough Global Equity Fund during the 1st quarter valued at approximately $130,000. Bank of America Corp DE increased its holdings in Clough Global Equity Fund by 0.6% during the 1st quarter. Bank of America Corp DE now owns 778,455 shares of the investment management company’s stock worth $9,123,000 after purchasing an additional 4,792 shares during the last quarter. UBS Group AG increased its holdings in Clough Global Equity Fund by 3.8% during the 2nd quarter. UBS Group AG now owns 28,377 shares of the investment management company’s stock worth $259,000 after purchasing an additional 1,043 shares during the last quarter. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of Clough Global Equity Fund by 151.4% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 46,325 shares of the investment management company’s stock valued at $319,000 after purchasing 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.