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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a monthly dividend on Friday, April 5th, NASDAQ 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 $0.72 annualized dividend and a yield of 11.40%. The ex-dividend date 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 annually for the last 1 consecutive years.

Clough Global Equity Fund Stock Performance

Shares of NYSEAMERICAN:GLQ opened at $6.35 on Wednesday. Clough Global Equity Fund has a 12 month low of $5.13 and a 12 month high of $6.56.

Insider Activity at Clough Global Equity Fund

In related news, insider Charles Clough, Jr. bought 20,000 shares of the company’s stock in a transaction on Monday, February 12th. The shares were acquired at an average cost of $6.39 per share, for a total transaction of $127,800.00. Following the purchase, the insider now directly owns 370,291 shares of the company’s stock, valued at $2,366,159.49. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.

Institutional Investors Weigh In On Clough Global Equity Fund

Hedge funds have recently modified their holdings of the business. UBS Group AG increased its stake in shares of 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 worth $259,000 after acquiring an additional 1,043 shares during the period. NewEdge Advisors LLC grew its position in Clough Global Equity Fund by 9.0% during the second quarter. NewEdge Advisors LLC now owns 42,502 shares of the investment management company’s stock valued at $388,000 after buying an additional 3,500 shares during the period. Bank of America Corp DE grew its position in 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 valued at $9,123,000 after buying an additional 4,792 shares during the period. Mariner LLC acquired a new stake in Clough Global Equity Fund during the fourth quarter valued at $65,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Clough Global Equity Fund during the first quarter valued at $61,000.

About Clough Global Equity Fund

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.