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

Clough Global Equity Fund (NYSEAMERICAN:GLQ) declared a monthly dividend on Friday, April 5th, NASDAQ 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 $0.72 annualized dividend and a dividend yield of 11.41%. 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% per year over the last three years and has increased its dividend annually for the last 1 consecutive years.

Clough Global Equity Fund Stock Down 1.4 %

GLQ opened at $6.34 on Tuesday. Clough Global Equity Fund has a fifty-two week low of $5.13 and a fifty-two week high of $6.56.

Insider Buying and Selling at Clough Global Equity Fund

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

Institutional Trading of Clough Global Equity Fund

Several institutional investors and hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC lifted its holdings in 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 worth $457,000 after acquiring an additional 8,100 shares during the period. Chicago Partners Investment Group LLC bought a new stake in shares of Clough Global Equity Fund in the 1st quarter worth approximately $130,000. Bank of America Corp DE lifted its stake 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. UBS Group AG lifted its stake 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. Finally, B. Riley Wealth Advisors Inc. grew its holdings in 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 valued at $319,000 after purchasing an additional 27,900 shares during the period.

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.